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The circumstances and ideas of the present age; "in modern times like these"
The components of The Contemporary World
- Global Age
- Globalization
Refers to a period of time when there is a prevailing sense of the interconnectedness of all human beings, of a common fate for the human species and of a threat to its life on this Earth.
Means integration of economies and societies through cross country flows of information, ideas, technologies, goods, services, capital, finance and people. The essence of globalisation is connectivity. Cross border integration can have several dimensions - cultural, social, political and economic.
Transplanetary processes involving increasing liquidity and growing multi-directional flows as well as the structures they enciunter and create
Processes that interconnect individuals and social groups across specific geo-political borders,
Rise of new communities and formation of new social identifies and relations that cannot be defined as nation-states
Omnipresence of the process of globalization. Signifies social condition
cultural
political
sociological
technological
geographical
ecological
“Solidity,” the characteristic of being limited to one place. Solidity also refers to the persistence of barriers that. prevented free movement of people, information, and objects in that era.
Increasing ease of movement of people, things, information, and places in the global age.
Difficult to move.
Easier to move.
Movement of people, things, information, and places due in part of increasing porosity of global barriers.
From Solid to Liquidity
From Heavy to Light
Scholars who dismiss the utility of globalization as an analytical concept typically advance their arguments from within a larger criticism of similarly vague words employed in academic discourse.
Emphasizes the limited nature of current globalizing processes.
Emphasizes that the majority of economic activity around the world still remains primarily national in origin and scope.
Critics disputes the novelty of the process, implying that the label ‘globalization’ has often been applied in a historically imprecise manner