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Globality
Globality is the consciousness of the world as a single place. The concept of globality was introduced in the social sciences by British sociologist Roland Robertson. It signifies the spreading and deepening consciousness of the world-as-a-whole and could thus be considered the phenomenological aspect of globalization, which Robertson defined as "the compression of the world and the intensification of consciousness of the world as a whole" (Robertson 1992, p. 34). Earlier definitions of globality referred to the quality of being global or universal. With Robertson, globality acquires a specific scientific definition. Globality in business studies Pundits like Daniel Yergin now employ the concept of globality to speculate about the end-state of globalization, a hypothetical condition in which the process of globalization is complete or nearly so, barriers have fallen, and "a new global reality" is emerging. The current use of “globality” in business studies – as a descri ...
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Globalization
Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. The term ''globalization'' first appeared in the early 20th century (supplanting an earlier French term ''mondialisation''). It developed its current meaning sometime in the second half of the 20th century, and came into popular use in the 1990s to describe the unprecedented international connectivity of the Post–Cold War era, post–Cold War world. The origins of globalization can be traced back to the 18th and 19th centuries, driven by advances in transportation and communication technologies. These developments increased global interactions, fostering the growth of international trade and the exc ...
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Borderless Selling
Borderless selling is the process of selling services to clients outside the country of origin of services through modern methods which eliminate the actions specifically designed to hinder international trade. International trade through "borderless selling" is a new phenomenon born in the current "globalization" era. Definitions Borderless selling is the process of performing sales transaction between two or more parties from different countries (an exporter and an importer) which is free from actions specifically designed to hinder international trade, such as tariff barriers, currency restrictions, and import quotas. Background International trade, which is the exchange of goods and services across international borders, has been present throughout much of history of economics, society and politics. It is assumed that offshore outsourcing gave birth to "borderless selling". The selling of services by offshore outsourcing service providers to foreign clients is free from a ...
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Global Citizenship
Global citizenship is a form of transnationality, specifically the idea that one's identity transcends geography or political borders and that responsibilities or rights are derived from membership in a broader global class of "humanity". This does not mean that such a person denounces or waives their nationality or other, more local identities, but that such identities are given "second place" to their membership in a global community. Extended, the idea leads to questions about the state of global society in the age of globalization. In general usage, the term may have much the same meaning as "world citizen" or cosmopolitan, but it also has additional, specialized meanings in differing contexts. Various organizations, such as the World Service Authority, have advocated global transnational citizenship. The field of global citizenship, as a form of transnationality is transnationalism. Usage Education In education, the term is most often used to describe a worldview or a ...
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Roland Robertson
Roland Robertson (August 7, 1938 - April 29, 2022) was a sociologist and theorist of globalization who lectured at the University of Aberdeen in Scotland. Formerly, he was a professor of sociology at the University of Pittsburgh, and in 1988 he was the President of the Association for the Sociology of Religion. Biography Robertson was born near Norwich, Great Britain in 1938. He received his undergraduate degree at the University of Southampton and taught at the University of Essex, the University of York, the University of Pittsburgh, and the University of Aberdeen. Robertson had three sons with Jennifer Robertson before getting divorced in 1981. Robertson married long time partner Judith Velody in 2018. Career Robertson's theories have focused significantly on a more phenomenological and psycho-social approach than that of more materialist oriented theorists such as Immanuel Wallerstein or Fredric Jameson. For Robertson, the most interesting aspect of the modern (or post ...
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Daniel Yergin
Daniel Howard Yergin (born February 6, 1947) is an American author, economic historian, and consultant within the energy and economic sectors. Yergin is vice chairman of S&P Global. He was formerly vice chairman of IHS Markit, which merged with S&P in 2022. He founded Cambridge Energy Research Associates, which IHS Markit acquired in 2004. He has authored or co-authored several books on energy and world economics, including the Pulitzer Prize–winning ''The Prize: The Epic Quest for Oil, Money, and Power,'' (1991) ''The Quest: Energy, Security, and the Remaking of the Modern World'' (2011), and ''The New Map: Energy, Climate, and the Clash of Nations'' (2020). Yergin's articles and op-eds on energy, history, and the economy have been published in publications such as ''The Wall Street Journal'', ''The New York Times'', ''The Washington Post'', and the ''Financial Times''. All of Yergin's books have been drafted in long-hand. He is affiliated with multiple organizations, as a di ...
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Commercial Power
Economic power refers to the ability of countries, businesses or individuals to make decisions on their own that benefit them. Scholars of international relations also refer to the economic power of a country as a factor influencing its power in international relations. Definition Economists use several concepts featuring the word power: * Market power is the ability of a firm to profitably raise the market price of a good or service over marginal cost. ** Monopoly power is a strong form of market power—the ability to set prices or wages unilaterally. This is the opposite of the situation in a perfectly competitive market in which supply and demand set prices. * Purchasing power, i.e. the ability of any amount of money to buy goods and services. Those with more assets, or more correctly net worth, have more power of this sort. The greater the liquidity of one's assets, the greater one's purchasing power is. Purchasing power parity is a way of adjusting exchange r ...
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Cosmopolitanism
Cosmopolitanism is the idea that all human beings are members of a single community. Its adherents are known as cosmopolitan or cosmopolite. Cosmopolitanism is both prescriptive and aspirational, believing humans can and should be " world citizens" in a "universal community". The idea encompasses different dimensions and avenues of community, such as promoting universal moral standards, establishing global political structures, or developing a platform for mutual cultural expression and tolerance. For example, Kwame Anthony Appiah articulates a cosmopolitan community where individuals from varying locations (physical, economic, etc.) enter relationships of mutual respect despite their differing beliefs (religious, political, etc.). In a looser but related sense, "cosmopolitan" is also used to describe places where people of various ethnic, cultural and/or religious backgrounds live together and interact with each other. Etymology The word derives from the , or ''kosmopolitês'' ...
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The World Is Flat
''The World Is Flat: A Brief History of the Twenty-First Century'' is a 2005 book by American political commentator Thomas L. Friedman. It analyzes globalization in the early 21st century, suggesting that the world has a level playing field where countries, companies, and individuals need to remain competitive in a global market. It won the inaugural ''Financial Times'' and Goldman Sachs Business Book of the Year Award in 2005. Summary In ''The World Is Flat'', Friedman recounts a journey to Bangalore, India, when he realized that globalization had changed core economic concepts. In his opinion, this flattening is a product of the convergence of the personal computer with fiber optic microcables and the rise of workflow software. Friedman termed the period Globalization 3.0, thereby differentiating it from the previous, Globalization 1.0, during which countries and governments were the main protagonists, and Globalization 2.0, during which multinational companies led the ...
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Globalism
Globalism has multiple meanings. In political science, it is used to describe "attempts to understand all of the interconnections of the modern world—and to highlight patterns that underlie (and explain) them". While primarily associated with world-systems, it can be used to describe other global trends. The concept of globalism is also classically used to focus on ideologies of globalization (the subjective meanings) instead of its processes (the objective practices); in this sense, "globalism" is to globalization what "nationalism" is to nationalization. Globalism as a concept dates from the 1940s. In the 21st century, the term "the globalists" was popularized by Alex Jones, and used interchangeably with the concepts of a New World Order and the deep state. The term is now frequently used as a pejorative by far-right movements and conspiracy theorists. It is sometimes associated with antisemitism, as antisemites frequently appropriate the term "Globalist" to refer to Je ...
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