2. Globalization: the concept of acceleration of
the movement of capital, goods, people, and
information around the world.
◦ It began with an older concept: the first
contact with one another through war,
trade, and disease
◦ Didn’t reach global proportions without the
expansion of European trade and influence
in the 1500’s
◦ The US recently took lead in Globalization
When the US emerged from WWII as the
economic leading power of the world
3. Globalization can be seen as in three
levels
◦ Military Power Where America
obviously dominates
◦ Economic Power where its
between one && several key figures
◦ Transitional Relations outside of
government control
4. Itis beginning to
point toward a
break down of
powers among
each nation &
gaining a need for
new international
players
◦ Soon, America
might not be able
to hold onto sole
dominance in the
global ring.