Ib first assignment

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Introduction

Globalization involves a transformation process of global regional or local phenomena . This process involves combination of political social-cultural , technological and economic forces (Aurifeille Svizzero pp 65 . Globalization usually refers to globalization of economy i .e . national economies integration through technological spread , migration , capital flow , foreign investments and trade . On the other hand , according to china magazine of globalization , globalization is a term in which imperialism present itself within its present phase However , the author suggests that this term is a

misnomer (Aurifeille Svizzero pp 65 . This is because of its implicit suggestions in degree of commodity freedom and the flow of capital of current epoch is a thing that is unprecedented in capitalism history and is unattainable According to this magazine the current period isn 't suigeneris , other than what have been unprecedented concerning it is a different thing altogether . This includes immense financial globalization and revolution of communication among others which has been made possible by inter-alias (Aurifeille Svizzero pp 65

Finance globalization and emergence of finance capital internationally has been at the center of the present imperialism phase (Aurifeille Svizzero pp 65 . This will focus on finance globalization to explain the interpretation of globalization according to china magazine of globalization

Interpretation of globalization

According to china magazine of globalization there are two misconceptions about process of finance globalization . One relates to the nature of this process and the other misconception relate to the implications of these process . According to this magazine...