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The term globalization first appeared in the early 20th century (supplanting an earlier French term mondialisation), developed its current meaning sometime in the second half of the 20th century, and came into popular use in the 1990s to describe the unprecedented international connectivity of the post–Cold War world. [2] The origins of ...
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] This process is marked by the common consumption of cultures that have been diffused by the Internet , popular culture media, and international travel .
World War I disrupted economic globalization, with countries adopting protectionist policies and trade barriers, slowing global trade. [7] The 1956 invention of containerized shipping and larger ship sizes reduced costs, facilitating global trade. [8] [9] Globalization resumed in the 1970s as governments highlighted trade benefits.
The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services.
Westernization, to some schools, is seen as a form of globalization that leads the world to be similar to Western powers. Being globalized means taking positive aspects of the world, but globalization also brings the debate about being Westernized.
A ministerial conference of the World Trade Organization, in the Palace of Nations (Geneva, Switzerland).. The following is a list of the major existing intergovernmental organizations (IGOs).
The phrases "Global North" and "Global South" [48] are similarly imprecise (particularly from a geographical standpoint, as Australia, for instance, is considered part of the Global North). Other terms currently in use as synonyms for "Global South" include "majority world" [49] and "low- and middle-income countries". The latter term allows for ...
World Citizen flag by Garry Davis World Citizen badge. In general, a world citizen is a person who places global citizenship above any nationalistic or local identities and relationships. An early expression of this value is found in Diogenes of Sinope (c. 412 B.C.; mentioned above), a Cynic philosopher in Ancient Greece.