The Process of Globalization - Essay Example

During the past era, globalization was discussed as a process that draws different cultures and nations into greater interaction and communication. This made globalization be seen as a fact that we all increasingly live in the world, groups; individuals become ever more interdependent.

Globalization consists of different elements which include: Economy, politics and ideology, culture, media, and Bionomy (Environment or Ecology) (Steger, 2013).

The economy or economic system includes the production of goods and services, the distribution or trade of commodities, and the final utilization of the produced goods and services by different consumers in a given geographical location (Steger, 2013). The economic negotiators can be individuals, organizations, businesses, or governments. For a better economy, a transaction must be occurring between two parties who agree on the price of a transacted service or product, commonly expressed as a currency or worth of that product.

Media (communication) is a tool applied to deliver and store data or information regarding any news and can be seen as a communication instrument. The primary vehicle of the phenomena of global media is the multinational corporation that is used to collect information from one area to another and deliver it globally all over the world. Media globalization has supported both the distribution and production of information. Examples of media-aided globalization technology include radio, music, and satellite among others (Steger, 2013).

Political ideology to a set of norms, beliefs, or doctrines that are shared by the members of a specific social group that forms the basis of economic factors, politics, or another system. Political ideology in globalization involves media facilitation on the exchange of cultural or political factors that affect the career of a politician. Politics has been globalized since the views of one politician can be analyzed by another one from different regions as information is conveyed from one area to another, which has led to increased ideological differences.

Various theories have been put across to explain globalization that includes: Hyper globalists, Sceptics, and Transformation lists (Steger, 2013). Skeptics theory states that the real knowledge of provided things is impossible. Hence, it indicates that globalization is based on the real knowledge of given information. Hyperglobalists compare the trade of different nations which later gives the rate of globalization in the two contrasting economies. A transformation list is a list that indicates the most changing issues in both goods and services and is used to compare with those from different nations (Steger, 2013).

Globalization has been experienced all over the world and with the improvement of technology, people have become more united which is leading to unity and sharing of ideas on different platforms.