what is globalization?

Answer 1

Globalization, also globalisation, refers to increasing global connectivity, integration and interdependence in the economic, social, technological, cultural, political, and ecological spheres. Theodore Levitt is usually credited with globalization's first use in an economic context.[1] Globalization is an umbrella term and is perhaps best understood as a unitary process inclusive of many sub-processes (such as enhanced economic interdependence, increased cultural influence, rapid advances of information technology, and novel governance and geopolitical challenges) that are increasingly binding people and the biosphere more tightly into one global system with one destiny. In this context the global economy has grown rapidly, yet poverty persists, inequality increases, and global environmental degradation deepens

Answer 2

Globalization, also globalisation, refers to increasing global connectivity, integration and interdependence in the economic, social, technological, cultural, political, and ecological spheres. Theodore Levitt is usually credited with globalization's first use in an economic context.[1] Globalization is an umbrella term and is perhaps best understood as a unitary process inclusive of many sub-processes (such as enhanced economic interdependence, increased cultural influence, rapid advances of information technology, and novel governance and geopolitical challenges) that are increasingly binding people and the biosphere more tightly into one global system with one destiny. In this context the global economy has grown rapidly, yet poverty persists, inequality increases, and global environmental degradation deepens.

Globalisation in short is how our world is becoming more and more like one country each and every day

There are several definitions and all usually mention the increasing connectivity of economies and ways of life across the world. The Encyclopedia Britannica says that globalization is the "process by which the experience of everyday life ... is becoming standardized around the world." While some scholars and observers of globalization stress convergence of patterns of production and consumption and a resulting homogenization of culture, others stress that globalization has the potential to take many diverse forms.[2]

In economics, a broad definition is that globalization is the convergence of prices, products, wages, rates of interest and profits toward developed country norms.[3] Globalization of the economy depends on the role of human migration, international trade, movement of capital, and integration of financial markets. The International Monetary Fund notes 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.

Answer 3

What is the truest definition of Globalization?

Answer: Princess Diana's death.

Question: How come?

Answer: An English princess

with an Egyptian boyfriend

crashes in a French tunnel,

driving a German car

with a Dutch engine,

driven by a Belgian who was drunk

on Scottish whisky, (check the bottle before you change the spelling)

followed closely by Italian Paparazzi,

on Japanese motorcycles;

treated by an American doctor,

using Brazilian medicines.

This is sent to you by an American,

using Bill Gate's technology,

and you're probably reading this on your computer,

that use Taiwanese chips,

and a Korean monitor,

assembled by Bangladeshi workers

in a Singaporeplant,

transported by Indian lorry-drivers,

hijacked by Indonesians,

unloaded by Sicilian longshoremen,

and trucked to you by Mexican illegals.....

That, my friends, is Globalization

Answer 4

Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.

Answer 5

Globalization means integrating our economy to that of the world's.
One example I can give you for this are the soft- drink companies (pepsi, coke, etc) which are multi-national firms set up in India and any other firm like Maruti or Tata that has been set up by India.
It aims at making profits and bringing world closer.

Answer 6

hi,
it means going global or integrating the world economy with the countries economy.
bye

Answer 7

integrating local economies with the global economy

Answer 8

making it a global village,fast travelling with laptop,pizza and soft drink for food.all mess and drug.

Answer 9

Yahoo.

Answer 10

integrating our economy with the world economy..
it helps in international trade..