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Four phases of globalisation Phase 1: Humanising the globe (300,000 BCE10,000 BCE) Phase 2: Localising the global economy (10,000 BCE1820 CE) Phase 3: Globalising local economies (18201990) Phase 4: Globalising factories (1990present)
Manfred Steger, professor of global studies and research leader in the Global Cities Institute at RMIT University, identifies four main empirical dimensions of globalization: economic, political, cultural, and ecological.
The following list is a list of the significant types of globalization: Economic globalization. Social globalization. Cultural globalization. Political globalization. Environmental globalization. Technological globalization. Financial globalization. Geographical globalization.
Broadly speaking, economic, financial, political, technological and social factors have paved the way to globalization. Economic factors mainly include lower trade and investment barriers. Expansion of financial sector is also considered an important force of glo- balization.
Computer parts and accessories are manufactured in a foreign country and are sold in another country. Popular fast food chains like KFC, Starbucks, Dominos etc are based out of the USA, but have many branches around the world. Multinational companies like HSBC, Citi Bank, Deloitte etc have offices around the world.
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The four major forms of globalization are embodied globalization, disembodied globalization, objectified globalization, and institutional globalization.
Globalization describes the growing interdependence of the worlds economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. Countries have built economic partnerships to facilitate these movements over many centuries.
Elements of economic globalization The growth in cross-border economic activities takes five principal forms: (1) international trade; (2) foreign direct investment; (3) capital market flows; (4) migration (movement of labor); and (5) diffusion of technology (Stiglitz, 2003).

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