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Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. [1]
Economic globalization is the intensification and stretching of economic interrelations around the globe. [3] [4] It encompasses such things as the emergence of a new global economic order, the internationalization of trade and finance, the changing power of transnational corporations, and the enhanced role of international economic institutions.
As prescribed by House Rules, the committee's jurisdiction is on the effects on various social sectors of the World Trade Organization's policies and other actions to harness opportunities offered by globalization for economic development. [1]
It made the economy of the Philippines grow further as people saw the rise of opportunities. Agriculture remained the largest contributor to economy, being the largest producer of coffee in Asia as well as a large produce of tobacco. In Europe, the Industrial Revolution spread from Great Britain during the period known as the Victorian Age. The ...
Understanding the cost of resiliency One of the more useful frameworks that executives have been using to discuss the cost of reglobalization has been to think of it as an insurance cost. What is ...
An overseas Filipino (Filipino: Pilipino sa ibayong-dagat) is a person of full or partial Filipino origin who trace their ancestry back to the Philippines but are living and working outside of the country. This term generally applies to both people of Filipino ancestry and citizens abroad. As of 2019, there were over 15 million Filipinos ...
Cultural homogenization is an aspect of cultural globalization, [1] [2] listed as one of its main characteristics, [3] and refers to the reduction in cultural diversity [4] through the popularization and diffusion of a wide array of cultural symbols—not only physical objects but customs, ideas and values. [3]
Salvatore Babones discussing sources used by scholars for studying political globalization noted the usefulness of Europa World Year Book for data on diplomatic relationships between countries, publications of International Institute for Strategic Studies such as The Military Balance for matters of military, and US government publication Patterns of Global Terrorism for matters of terrorism.