Read the following definitions of globalization by various scholars. Explain its meaning

1. "Globalization can be defined as a historical stage of

accelerated expansion of market capitalism, like the one

experienced in the 19th century with the industrial

revolution. It is a fundamental transformation in societies

because of the recent technological revolution which has

led to a recombining of the economic and social forces on

a new territorial dimension."

Pascal Lamy

Humanising Globalization

https://www.wto.org/english/news_e/sppl_e/sppl16_e.htm

2. "Globalization means closer integration of national

economies through trade and financial flows as well as

cross-border migration of people. As national economies

"open up" and lower their external barriers, they become

more exposed - and more vulnerable - to global forces

and influences."

United Nations Conference on Trade and Development

https://unctad.org/en/PublicationsLibrary/

webgdsdsi2012d2_en.pdf

3. "Globalization is the word used to describe the growing

interdependence of the world's economies, cultures, and

populations, brought about by cross-border trade in goods

and services, technology, and flows of investment, people,

and information. Countries have built economic

partnerships to facilitate these movements over many

centuries."

Peterson Institute for International Economics

https://www.piie.com/microsites/globalization/what-is-

globalization

4. "Generally defined as the network of connections of

organisations and peoples are across national,

geographic and cultural borders and boundaries. These

global netwwgjjbcdworks are creating a shrinking world where local

differences and national boundaries are being subsumed

into global identities. Within the field of tourism,

globalization is also viewed in terms of the revolutions in

telecommunications, finance and transport that are key

factors currently influencing the nature and pace of growth

of tourism in developing nations."

Sustainable Hospitality and Tourism as Motors for

Development

Philip Sloan, Claudia Simon-Kaufman and Willy Legrand

(eds)

5. "Globalisation is a geo-spatial process of growing

interdependence and convergence, in which worldwide or

pan-regional (e.g. European) spheres of action are

enhanced. In contrast, "internationalisation" is best

understood simply as relations across borders between

nations, or institutions situated within national systems: i.e.

inter-national relations. Note the potentially transformative

impacts of globalisation as compared to

internationalisation. Globalisation is a dynamic process

that draws the local, national and global dimensions more

closely together (Marginson and Rhoades, 2002) and in

often unexpected ways."

Simon Marginson

https://www.oecd.org/site/imhe2006bis/37474417.pdfGl

obalization means closer integration of national