Scholte (2005) identified five definitional contexts in that the term globalization is applied in the current era. inside this framework, globalization may at different times by different people be perceived in the succeeding(a) five contexts: (a) internationalization, (b) liberalization, (c) universalization, (d) modernization (Westernization), or (e) deterritorialization (Scholte, 2005: 15-17). A sixth overarching should hit been added to cover these five definitions.
The overarching definition should have been homogenization because that is the egress that most of the supporters of the process of globalization who are located in the developed economies of the world (a) expec
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Griffel, F. (2003, January 21). Globalization and the Middle East: Part Two. Yale Global. Retrieved from the Internet on 2008-08-19 from: http://yaleglobal.yale.edu/display.article?id=771
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