The multiple linkages take the form of flows of capital and goods, as well as information and ideas between the center and the periphery.
Interdependence and globalism are both multidimensional phenomena, essentially defined in economic terms, as if economic factors are the sole determinant of globalism.
What has been observed is that the effect of globalization has been both positive and negative, and the effect was largely dependent on a range of internal and external variables.
Countries that are trade partners, for instance, because they actually trade more with each other, are less likely to enter into conflictual relations with one another.
These are unifying and conflict-ridden forces within globalization, which can generate remarkable opportunities for affluence, peace, and democracy but also threats for divergence, business supremacy, and lack of consideration for world citizens and civilizations.
Globalization has always been equated by many analysts with economic interdependence (Bhagwati, 2007).Antiglobalization activists seek a more equitable distribution of wealth, greater societal participation, and immediate solutions for the global environmental crisis (Fukuyama, 2001).While interdependence refers to a state of affairs, globalization implies that something is ever increasing.Moreover, as interdependence and globalism become thicker, systemic relationships among different networks intensifies.The worldwide impact of the financial crisis that began in the United States in 2008 illustrates the extent of these network interconnections.Most scholars acknowledge that the concept of globalization has the merit of amalgamating social organizations unto one global society.As a matter of fact, highly intricate relations of push and pull forces are producing simultaneous integration, degeneration and divergence, order and chaos at the interregional or transnational level.For professional economists, the term network effects refers to situations where a product becomes more valuable once many people use it, such as the Internet.As such, a knowledge-based economy generates powerful spillover effects, which spread rapidly, trigger additional innovation, and lead to chain reactions of new inventions (Stieglitz, 2006).Modern-day economic globalization models imply a new international division of labor reflecting the new global economy, whereby economic and financial integration do not remain solely concentrated amid the industrialized countries of North America, Europe, and East Asia (Amin, 1996).As a matter of fact, global capital has not stimulated enough policy homogenization, and significant differences in economic structuring subside.