Some Components in Globalisation

Assalamualaikum readers :) Today i would like to focus on some components of globalisation in which i can classify it into three main branches:

Economic Globalisation

(1) Freedom of exchange between localities with indeterminate flows of services and symbolic

commodities.

(2) The balance of production activity in a locality determined by its physical and geographical

advantages.

(3) Minimal direct foreign investment.

(4) Flexible responsiveness of organisations to global markets.

(5) Decentralised, instantaneous and 'stateless' financial markets.

(6) Free movement of labour.

Political Globalisation

(1) An absence of state sovereignty and multiple centres of power at global, local and

intermediate levels.

(2) Local issues discussed and situated in relation to a global community.

(3) Powerful international organisations predominant over national organisations.

(4) Fluid and multicentric international relations.

(5) A weakening of value attached to the nation-state and a strengthening of common and

global political values.

Cultural Globalisation

(1) A deterritorialised religious mosaic.

(2) A deterritorialised cosmopolitanism and diversity.

(3) Widespread consumption of simulations and representations.

(4) Global distribution of images and information.

(5) Universal tourism and the 'end of tourism'.

I hope that this information will promote you guys what is globalisation is all about in my point of view. Bye~