Globalisation – Its definition and an explanation. Definition: Globalization is a process along four dimensions: economic globalization, formation of world opinion, democratization, and political globalization. This was rounded off with the assertion that changes along one of these dimensions (such as economic globalization) elicited changes among the other dimensions. Globalization is a process that has been going on for the past 5000 years, but it has significantly accelerated since the demise of the Soviet Union in 1991. Elements …showed first 75 words of 748 total…

…showed last 75 words of 748 total…are disregarding the environment in the stampede for mega-profits and marketplace supremacy. Human rights groups say corporate power is restricting individual freedom. Even business folk behind small firms have sympathy for the movement, afraid as they are that global economies of scale will put them out of work. But the mere fact the debate can take place simultaneously across countries and continents may well show that celebrated academic Marshall McLuhan's global village is already here.