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FEATURES OF GLOBALIZATION
Interconnection
At the bottom of all perspectives on globalization is the notion of interconnectedness. The idea is that events or
actions in one part of the world may have effects in a distant part of the world. As Held and his colleagues
describe it, the influence of individuals, companies, institutions and states are “stretched” in terms of their
geographical effect. Closely related to the notion of interconnectedness is the notion of extensity: That is, how
far does this interconnectedness extend? The more geographically dispersed the influence of individuals,
organizations or companies, the more extensive their globalization.
Intensity
A closely-related concept is the concept of intensity—the sheer magnitude of connections. For instance, a
single multinational company could exercise some degree of influence in different parts of the world and do this
through a fairly limited set of organizational mechanisms, but that would not constitute globalization on a
broader level. An increase in globalization means that not only are the absolute number of individuals,
organizations and companies with some sort of broad geographical influence growing, but that the connections
between these entities occur along an increasing number of pathways.
Pace
Different authors talk about the pace of globalization, but mean slightly different things.
Speed: Some authors emphasize that the speed of the connections between individuals, organizations and
companies increases in globalization. Because of developments in communication and travel technologies,
entities are able to exert influence on distant parts of the globe in a much shorter time. In the case of
communication (for example via the Internet, web conferencing, wireless networks, etc.), this influence is nearly
instantaneous.
Velocity: Other authors argue that the pace of globalization is increasing. That is, globalization is
not merely a matter of how fast individuals, organizations and companies can influence each
other, but this speed has a trajectory—it is actually increasing.
Level of Impact
Another aspect of increasing globalization is the increasing level of impact individuals, organizations and
companies have on each other.
In earlier eras, an organization might influence another organization on the other side of the world, but this
influence may make only a minor difference in the operation of the other organization. Increasing globalization
means that the level of influence or magnitude of effects among globalized individuals, organizations and
companies is growing.
IS GLOBALIZATION NEW?
While most authors agree that the current phase of globalization is unique in different ways, none of them view
globalization as a completely new phenomenon. Authors locate the beginning of the various current processes
of globalization at different points in time: For instance, with the Peace of Westphalia (1648), the age of
colonization, the first industrial revolution or the fall of the Berlin Wall.
Held and his colleagues take a different tack. Rather than limit their analyses to the origin of the current process
of globalization, they develop a framework for understanding globalizing processes and events across history.
Some features of globalization may be different in different periods, but the analytic categories used to study
globalizing events and processes are consistent across history. So, rather than characterize globalizing
processes in binary terms (either they happen or they do not), a more productive approach is to understand the
different aspects of globalization as a matter of degree.