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what does globalization mean ?
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Asked 12/15/2009 8:28:39 PM
Updated 9/17/2014 4:54:20 PM
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User: what does globalization mean ?

Question
Asked 12/15/2009 8:28:39 PM
Updated 9/17/2014 4:54:20 PM
2 Answers/Comments
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Globalization (or globalisation) is the process of international integration arising from the interchange of world views, products, ideas and other aspects of culture.
Added 9/17/2014 4:54:20 PM
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Globalization (or globalisation) in its literal sense is a social change, an increased connectivity among societies and their elements due to transculturation; the explosive evolution of transport and communication technologies to facilitate international cultural and economic exchange. The term is applied in various social, cultural, commercial and economic contexts. "Globalization" can mean:

* The formation of a global village - closer contact between different parts of the world, with increasing possibilities of personal exchange, mutual understanding and friendship between "world citizens",
* Economic globalization - more freedom of trade and increasing relations among members of an industry in different parts of the world (globalization of an industry),
* The negative effects of for-profit multinational corporations - the use of substantial and sophisticated legal and financial means to circumvent the bounds of local laws and standards, in order to leverage the labor and services of unequally-developed regions against each other.
Added 12/16/2009 8:56:24 AM
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