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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]
Globalization is now thought of as an important concept to understanding the world. Certain schools believe it is important to discuss global issues as young as 5 years old. It is students who are our future; therefore understanding the concept of "think globally, act locally" is fundamental to our future.
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.
Globalization (or globalisation) – processes of international integration arising from the interchange of world views, products, ideas, and other aspects of culture. [1] Advances in transportation and telecommunications infrastructure, including the rise of the Internet , are major factors in globalization, generating further interdependence ...
Large global businesses are not passive or reactive players in the emerging reglobalized world. Businesses expand and consolidate through organic growth and mergers and acquisitions (M&A) activity ...
Cultural globalization refers to the transmission of ideas, meanings and values around the world in such a way as to extend and intensify social relations. [1]
The current phase of globalisation which began around 1990 was just a huge mistake. The idea that the US could compete with Mexico on salaries, particularly to manufacturing workers, was just ...
While primarily associated with world-systems, it can be used to describe other global trends. The concept of globalism is also classically used to focus on ideologies of globalization (the subjective meanings) instead of its processes (the objective practices); [2] in this sense, "globalism" is to globalization what "nationalism" is to ...