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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.
Globalization is sometimes perceived as a cause of a phenomenon called the "race to the bottom" that implies that to minimize cost and increase delivery speed, businesses tend to locate operations in countries with the least stringent environmental and labor regulations. Pressure to do this is increased if competitors lower costs by the same means.
Globalization is the process of interaction and integration among people, companies, and governments worldwide. Globalization may also refer to: Globalization, by Pitbull, 2014; Globalizations, a peer-reviewed academic journal; Internationalization and localization of software and websites; Globalize (JavaScript library)
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 ]
Globalization has been used to describe international endeavours begun after World War II, such as the United Nations, the Warsaw Pact, the North Atlantic Treaty Organization and the European Union, and sometimes the later neoliberal and neoconservative policies of nation building and military interventionism between the end of the Cold War in ...
Hyper-globalization is the dramatic change in the size, scope, and velocity of globalization that began in the late 1990s and that continues into the beginning of the 21st century. It covers all three main dimensions of economic globalization , cultural globalization , and political globalization .
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There are systematic and structural relations between globalization and immigration. The emergence of a global economy has contributed both to the creation of potential emigrants abroad and to the formation of economic, cultural, and ideological links between industrialized and developing countries that later serve as bridges for the ...