Students:2009/2010 student themes: Difference between revisions

== Fabian Siggemann ==

Globalization is a very far-reaching concept. It is defined differently by people around the world. People from the area of policy define it differently than people from the industry. Fact is, therefore, that globalization affects everyone. Globalization brings benefits and disadvantages for everyone. Mezricky described globalization as "an uncontrolled process." (Václav Mezricky. The nature of globalization. Global actors and driving forces. 2006). An important step towards globalization was the regulation for the conversion of other currencies to the dollar from 1971-1973. Companies now could trade easier over the borders of their countries to other countries. It emerged multinational corporations. (Václav Mezricky. The nature of globalization. Global actors and driving forces. 2006). International organizations were founded. Furthermore the loosening of borders between countries could be seen in the context of globalization. Almost free travel was now offered internationally. The developing of communication technology makes it possible to exchange information rapidly. Globalization involves four types of activities: development, stretching, intensification, speeding up and growing Extensity. These four areas influence each other, the developments in communication technology influence the expansion or the growing Extensity of global organizations. (Held, McGrew, 2008, p. 2)  If, according to Held affect all areas of globalization, then it could be that globalization also brings disadvantages.