In a recent class discussion, I pointed out that globalization will always be relevant. The term is so broad in nature that everyone from bank investors to foreign policy experts use it at leisure. I don't think their will be a day in the next 15 years that the term globalization will not be used to describe some type of world phenomenon or interaction between foreign countries. Using globalization as a term has become so convenient to the point that it's not getting its adequate academic credibility.
Hansen described 4 conditions to measure globalization. These measurements included the intensity of communication, the total number of interchanges, the impact of interchange and the velocity of interchange. It is no doubt that globalization is not confined to these 4 pillars, however, there must be some type of framework to justify a world occurrence being deemed an impact of globalization.
Globalization will continue to redefined. Depending on the context it's being used and who frames the term, globalization is a term that will always remain relevant.
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