The main difference between globalism and globalization is that globalism is an ideology based on the belief that people, information, and goods should be able to cross national borders unrestricted, while globalization is the spread of technology, products, information, and jobs across nations.
Though globalism and globalization are two terms that have similar meanings at a glance, they are two entirely different things. Globalism involves increasing interconnection between people and regions throughout the world while globalism is the ideology behind globalization.
Key Areas Covered
1. What is Globalism
– Definition, Characteristics
2. What is Globalization
– Definition, Characteristics
3. Difference Between Globalism and Globalization
– Comparison of Key Differences
Key Terms
Globalism, Globalization
What is Globalism
Globalism is a broad term we can generally define as an ideological commitment in favour of globalization. It’s a view that considers globalization as entirely positive. Moreover, the ideology of globalism is based on the belief that people, information, and goods should be able to cross national borders unrestricted. It places the interests of the entire globe above the interests of individual nations. Globalism can also refer to a socio-economic system that is dedicated to free trade and free access to markets.
What is Globalization
We can simply define globalization as the spread of technology, products, information, and jobs across nations. Globalization is a multidimensional economic and social process that began in the late 1970s. It involves a variety of interlinked economic, social, communicational, political, and environmental phenomena. Moreover, globalization is characterized by the interconnection of local private and public markets in one global arena, with respect to globally accepted rules and regulations.
The phenomenon of globalization results in the advent of open markets, reduction of traffic, the beginning of free trade economies through non-tariff trade borders, and the development of infrastructure and transportation. In addition, globalization leads to interaction among various populations, greater exchange of values and ideas among various cultures and creates a trend toward the development of single world culture. We can also describe globalization as composed of internationalization and localization.
Globalization has both positive and negative effects. It can affect the economy, society, culture and politics of individual countries. Since globalization creates free markets, it has a beneficial impact on large state multinational corporations. But it can cause damage to small businesses and local cultural identities. Furthermore, open market and open mobility of people that are a result of globalization can cause uncontrollable migrations, which create issues in the social as well as political stability in a local community.
Difference Between Globalism and Globalization
Definition
Globalism is an ideology based on the belief that people, information, and goods should be able to cross national borders unrestricted, while globalization is the spread of technology, products, information, and jobs across nations.
Nature
Globalization involves increasing interconnection between people and regions throughout the world, while globalism is the ideological component of globalization.
Conclusion
Although globalism and globalization are similar concepts, there is a difference between them. The main difference between globalism and globalization is that globalism is an ideology based on the belief that people, information, and goods should be able to cross national borders unrestricted, while globalization is the spread of technology, products, information, and jobs across nations.
Reference:
1. “Globalism and Globalization.” Encyclopedia of Science, Technology, and Ethics, Encyclopedia.com, 30 Apr. 2021, Available here.
2. Fernando, Jason. “Globalization.” Investopedia, 12 Dec. 2020, Available here.
3. “What Does Globalism Mean?” Definitions.net, Available here.
Image Courtesy:
1. “3369518” By the Digital Artist (CC0) via Pixabay
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