Element of state

Globalization to the increasing integration of economies around the world, particularly through the movement of goods services and capital sccross borders

establishment of infrastructures that enhance global competitiveness amidst the expanding international market capitalistic system

Expansion and intensification of social relations and consciousness across world time and space

spearheaded Europe's economic dominance, particularly during the First Industrial Revolution in the 18th century.

four factors of production

Lifting of barriers and easing of rules governing the interstates commerce, human flow, and accessibility to communication and information services.

Refers to the exponential growth of technological Capacity in furthering a new height of globalization to which human beings will co-exist with intelligent machines which may lead to generation of enormous wealth but with threat of massive dislocation.

historical events staring from 1945. rose of strong centralized government

demonstrated its dissonant voice against greedy capitalism

Roman Empire from the west Chinese Empire from the east

Individuals, business organizations, and state economies that cannot keep pace with global changes due to technological, economic and other factors will be displaced

the first driver of globalization

Author of the book "the world is flat" globalization is the interviewing of market and technology..

private property and profit based economy are strictly prohibited.

two most powerful counties

Group of people with common language, history, culture, and geographic territory

conflict, disparity, and crisis generated by the open market system paved the way for the existence of friction as a metaphor of globalization.

transformed economic structures, material wealth, and had significant impacts on global climate.

metaphor of globalization, start up innovations are likely to outperform branded products over markets they dominated for long time

association of people characterized by formal institution of government, including laws, permanent...

Includes quota, embargo, prohibition, and exchange control

he reached the farthest point of the oriental world to which the fusion of greco-macedonian culture with that of Asia became feasable

the first to advocate capitalism as the best way to organize the market structure.

There are few governments which are considered hostile to international trade such as North Korea

multinational corporations can be acknowledged as the key driver of globalization -operation,workforce,profitability,innovation,contributionpolitical and economic clout

16th century age of discovery European renaissance the protestant reformation

A state has a core responsibility to provide and ensure sustainable living to its constituents.

played a pivotal role in shaping the global economy,

contradicts the menace of capitalism

tied into three important frames. cultural, political, and economics

18th century the American revolution the French Revolution the great divergence the industrial Revolution the Russian Revolution

intensification of worldwide social relations linking distant localities in such a way that local happenings are shaped by events occurring many thousand times

A tariff exists when taxes are being imposed on foreign goods by a local market.