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Essay / Global Transformation - 812
The process of global transformation functions and operates in multiple dimensions and influences several complex systems that structure society (Held et al 1999), including many aspects of economics, politics , culture and the environment. Economic development is regularly considered the most advanced aspect of globalization, itself containing important elements known to shape interconnected global activity, such as finance, production, and trade (Newman and Thornley 2000). Delineated here are complex theoretical issues focusing on the geographic underpinnings and scales of economic growth, with critical analysis based on the particularity of Birmingham's economy and the parallels linking aspects of development policy planning and neoliberal economic context. Global correlations that establish the constancy of multicentric capital clusters and the efficiency of economic activity across spatial boundaries are also examined. Furthermore, the extent and current relevance of traditional spatial scales such as regional and metropolitan areas as well as the direct and indirect influences brought about by trends associated with globalization are discussed. Defining globalizationRose (2005) defines globalization as a process in which places and institutions have evolved into an integrated system with global dimensions. From a geographic perspective, the fundamental influences of globalization include the process of broadening the spatial base of organizations and institutions as well as the increasing level and intensity of interconnectedness across regional and metropolitan boundaries. . The first, includes the emerging role of transnational corporations (TNCs) and decision-making in the paper world......is concentrated in the developed world such as Europe, North America and some regions of the Asia-Pacific, creating distinct economic poles. In contrast, Scott (2001) argues that the regional agglomeration economy is based on several peripheral areas all contributing to a prosperous economic core, thus forming a complex network of multicentric clusters. According to Held et al (1999), the implication of globalization is mainly the expansion of political and economic activities across borders, so that decisions made in a single region can in turn prove significant for the individuals and communities across regions of the globe. The effect of globalization at the regional scale is a complex analytical paradigm due to the traditional spatial scale we identify as regions, which are either changed, interconnected or disseminated. Borja postulated that: