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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]
Global studies (GS) or global affairs (GA) is the interdisciplinary study of global macro-processes. Predominant subjects are political science in the form of global politics , as well as economics , law , the sociology of law , ecology , environmental studies , geography , sociology , culture , anthropology and ethnography .
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.
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 Globalization and World Cities Research Network (GaWC) is a British think tank that studies the relationships between world cities in the context of globalization. It is based in the geography department of Loughborough University in Leicestershire, United Kingdom. GaWC was founded by Peter J. Taylor in 1998. [1]
The Dictionary of Human Geography defines development as "processes of social change or [a change] to class and state projects to transform national economies". [32] Economic development is a measure of progress in a specific economy. It refers to advancements in technology, a transition from an economy based largely on agriculture to one based ...
The two most successful global food and beverage outlets, McDonald's and Starbucks, are American companies often cited as examples of globalization, with over 36,000 [5] and 24,000 locations operating worldwide respectively as of 2015. [6] The Big Mac Index is an informal measure of purchasing power parity among world currencies.
Global Regional Powers. Global regionalization is a process parallel to globalization, in which large regions are divided into smaller regions, areas, or districts. [1]A feature of the global community is the globalization of many processes and the development of international relations and interdependence of modern states in the second half of the 20th century.