Identify and examine three ways that contemporary globilisation Essay

Identify and examine three ways that contemporary globilisation impacts on international relations - Essay Example Current paper examines the above three aspects trying to identify possible points of interaction as well as areas that would need improvement in order to serve more effectively the national (as well as the international) targets. The definition of globalisation has been an issue that examined a lot in the literature. According to Guillen globalization can be characterized as ‘a process fuelled by, and resulting in, increasing cross-border flows of goods, services, money, people, information, and culture’. Under a more analytical context, globalization could also be viewed as ‘a decoupling or â€Å"distanciation† between space and time’ or just ‘a â€Å"compression† of space and time, a shrinking of the world’ (Guillen, 2001, 235). The above researcher has also accepted the views of geographer David Harvey (1989) and political scientist James Mittelman (1996) who observed that ‘globalization entails a "compression" of space and time, a shrinking of the world’. Moreover, it is noticed that the globalization has also an informational aspect under the influence of which the global economy becomes ‘an economy with the capacity to work as a un it in real time on a planetary scale’. On the other hand, Gereffi et al. (1994, 2) regarded globalization from a totally different aspect and stated the theory of ‘global commodity chains’ which ‘consist of sets of inter-organizational networks clustered around one commodity or product, linking households, enterprises, and states to one another within the world-economy; these networks are situationally specific, socially constructed, and locally integrated, underscoring the social embeddedness of economic organization...Specific processes or segments within a commodity chain can be represented as boxes or nodes, linked together in networks; each successive node within a commodity chain