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Globalization (North American spelling; also Oxford spelling [UK]) or globalisation (non-Oxford British spelling; see spelling differences) is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide.
World citizen badge. Global studies – interdisciplinary and multidisciplinary academic study of globalizing forces and trends. Global studies may include the investigation of one or more aspects of globalization, but tend to concentrate on how globalizing trends are redefining the relationships between states, organizations, societies, communities, and individuals, creating new challenges ...
The historical origins of globalization (also known as historical globalization) are the subject of ongoing debate. Though many scholars situate the origins of globalization in the modern era (around the 19th century ), others regard it as a phenomenon with a long history, dating back thousands of years (a concept known as archaic globalization ).
Cultural globalization is one of the three main dimensions of globalization commonly found in academic literature, with the two other being economic globalization and political globalization. [7] However, unlike economic and political globalization, cultural globalization has not been the subject of extensive research. [4]
In political science, the waves of democracy or waves of democratization are major surges of democracy that have occurred in history. Although the term appears at least as early as 1887, [1] it was popularized by Samuel P. Huntington, a political scientist at Harvard University, in his article published in the Journal of Democracy and further expounded in his 1991 book, The Third Wave ...
First globalization also includes technological transfers and the rise of international cultural and scientific cooperation. The 1876 World Fair in Philadelphia was the first not to take place in Europe. The modern Olympics began in 1896. The first Nobel prizes were awarded in 1901. [2] [3] [4] International trade grew for many reasons.
Paradoxically, foreign trade grew at a much faster rate during the protectionist phase of the first wave of globalization than during the free trade phase sparked by the United Kingdom. [2]: 76–77 Unprecedented growth in foreign investment from the 1880s to the 1900s served as the core driver of financial globalization.