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These Charts Show How Globalization Has Gone Digital

These Charts Show How Globalization Has Gone Digital | Mr Tony's Geography Stuff | Scoop.it

"Yes, globalization. For many people, that word conjures up, at best, images of container ships moving manufactured goods from far-flung factories. At worst, it harkens back to acrid debates about trade deficits, currency wars and jobs moving to China. In fact, since the Great Recession of 2008, the global flow of goods and services has flattened, and cross-border capital flows have declined sharply. But globalization overall isn't on the wane. Like so much in our world today, it has reinvented itself by going digital."

 

Tags: technology, globalization, diffusion, industry, economic.

Alisha Meyer's curator insight, March 24, 2016 9:04 AM
Our world is changing, that is inevitable.  It's how we decide to use the technology and knowledge we now have to better ourselves or destroy ourselves.
Kelsey McIntosh's curator insight, January 18, 2018 7:46 PM

This chart is pretty straight forward, yet it clearly lays out the difference between 20th and 21st century Globalization patterns. Through modern invention and progress in technology the world has become a place where connections can be created at the speed of light. Through technology, the world no longer has to wait for the physical movement of goods and ideas, at the touch of a button information can be in anyone's hands 

Nicole Canova's curator insight, May 1, 2018 10:48 PM
Globalization is a process that has been occurring for centuries.  However, modern technology is making globalization faster than ever, and has enabled globalization to shift to a more information- and knowledge-based exchange rather than ever as well thanks to the Internet.
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Containerization Shaped Globalization

"Sometimes a single unlikely idea can have massive impact across the world. Sir Harold Evans, the author of They Made America, describes how frustration drove..."

Tony Hall's insight:

I loved watching this because I had no idea about how this happened. Perfect for the Globalisation topic in Higher Level IB Geography. Definitely showing it tomorrow!

Alyssa Dorr's curator insight, December 7, 2014 5:26 PM

I always enjoyed TED videos. What really struck me was the opening sentence of the video, "everything is everywhere these days." This is so true in so many ways. The video uses different examples that you can find in different stores from places all over the world. How many things can you could in your bedroom that says "Made in China" or some other place other than the US? This is very common as we all know. Products and goods come from all over the world and even over seas. This is a process that we call globalization. However, the video introduces a process called containerization. This process saves an ample amount of time for the workers. The process was a success. "shrinking the world and enlarging human choice."

Michael Mazo's curator insight, December 10, 2014 7:48 PM

Globalization has connected the world in such a way that we hadn't thought possible. This idea has created rising economies all over the world and has made transport of goods and services move faster and continues to increase this rate with advances in technology. Containerization is a staple of globalization and without it, none of these products would be able to get from country to country. In essence it has developed the world of import and exports. To add to this success, globalization has also created jobs and communities which revolve heavily around the transport of goods. It saves time by using massive containers to move goods and it creates opportunities in places where it had not been possible before. 

BrianCaldwell7's curator insight, April 5, 2016 8:28 AM

The economies of scale that globalization depends on, relies on logistics and transportation networks that can handle this high-volume.  In a word, the container, as mundane as it may seem, facilitated the era within which we live today.  This is a very useful video.