the freedom to trade and conduct business with whom one chooses throughout the world and without government interference.
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2007-02-17 02:42:52
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answer #1
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answered by Zak 5
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globalisation is the integration of a country's economy with the world economy, wherein we become interdependent with other countries at a global level
2007-02-18 11:13:04
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answer #2
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answered by sushobhan 6
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Globalization, also globalisation, refers to a process of increasing integration between units around the world, including nation-states, households/individuals and organizations, including corporations. It is an umbrella term, covering economic, trade, social, technological, cultural and political aspects. The term has been used as early as 1944, however Theodore Levitt is usually credited with its first use in an economic context. and is the opposite of deglobalization
A number of definitions abound, but all generally note the increasing convergence of markets, economies, and ways of life across the world. A broad overview definition is that globalization is the worldwide process of homogenizing prices, products, wages, rates of interest and profits
Globalization relies on three forces for development: the role of human migration, international trade, and rapid movements of capital and integration of financial markets.
The IMF International Monetary Fund stresses the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions ... free international capital flows, and more rapid and widespread diffusion of technology.
A less economic-focused definition from the Encyclopedia Britannica states that globalization is the "process by which the experience of everyday life ... is becoming standardized around the world."
Globalization has various aspects which affect the world in several different ways:
industrial globalization (alias trans nationalization) - rise and expansion of multinational enterprises
financial globalization - emergence of worldwide financial markets and better access to external financing for corporate, national and subnational borrowers
political globalization - spread of political sphere of interests to the regions and countries outside the neighborhood of political (state and non-state) actors and the potential formation of a global citizens movement
informational globalization - increase in information flows between geographically remote locations
cultural globalization - growth of cross-cultural contacts
globalism - connection between cultures, nations, and people, it embodies cultural diffusion, the desire to consume and enjoy foreign products and ideas, adopt new technology and practices, and participate in a "world culture". It is a universal, internationalist impulse that the world is connected
globalist - someone who is aware of world issues, enjoys new ideas, and considers themselves global citizens with an open mind to both criticize and agree with others
2007-02-17 14:57:50
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answer #3
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answered by NQS 5
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converting the world into a smale village, no economic restrictions all over the world, products are available in everywhere, similar commercial regulations.
anyway to do all of that political issues, social beliefs, and other factors are affected.
2007-02-17 11:10:46
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answer #4
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answered by nevermind_bana 2
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earth and people being taken over control of worldwide stuff of commerce
2007-02-17 07:38:16
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answer #5
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answered by Jule. 3
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