Globalization as the increased circulation of goods, services and symbols

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Globalization as the increased circulation of goods, services and symbols.

This common interpretation of globalization refers to the extent that our daily lives increasingly rely on goods, services, and symbols that we receive via trade with distant places. By the same token, what we produce is traded and integrated into the daily lives of distant peoples. In this view globalization is synonymous with the “world as a common marketplace”, wherein the “things” being exchanged and consumed range from high end industrial manufactured parts, to health products (e.g. pharmaceuticals), to clothing, food and other consumables, to information services, to a complex array of symbolic information products, (e.g. film, television, print materials, telecommunications, etc.). (Barnet and Cavanaugh, 1994)