The literature on globalization is still rapidly growing and, despite disagreements

in regard to extent and consequences of the present globalization, there seems to be

some consensus on its meaning. Globalization has been defined as ‘the process of

increasing interconnectedness between societies such that events in one part of the

world more and more have effects on peoples and societies far away’ (Baylis and

Smith 2001, 64). This interconnectedness is caused by an ‘expansion of cross-border

networks and flows’ (Tangredi 2003, 301) of people, goods, capital and information.

Some see globalization as an all-encompassing process resulting in a politically,