ABSTRACT
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,
