what is globalisation?
2006-10-05 03:34:28 · 2 answers · asked by reshma 1 in News & Events ➔ Other - News & Events
"Globalisation or globalization is an umbrella term for a complex series of economic, social, technological, cultural and political changes seen as increasing interdependence, integration and interaction between people and companies in disparate locations. As a term 'globalization' has been used as early as 1944 but economists began applying it around 1981. Theodore Levitt is usually credited with its coining through the article he wrote in 1983 for the Harvard Business Review entitled "Globalization of Markets". The more encompassing phenomenon has been perceived in the context of sociological study on a worldwide scale."
See Wikepedia for more http://en.wikipedia.org/wiki/Globalization
2006-10-05 03:41:00 · answer #1 · answered by Robert A 5 · 0⤊ 0⤋
"Globalization refers in general to the worldwide integration of humanity and the compression of both the temporal and spatial dimensions of planetwide human interaction." It "has aggravated many of the region's most chronic problems--such as the pronounced degree of economic exploitation and social inequality that have characterized Latin America since it came under European colonial domination in the sixteenth century."
2006-10-05 10:41:07 · answer #2 · answered by pipilota75 2 · 0⤊ 0⤋