Globalisation is the term used to describe the increased pace of interconnectedness that has taken place over recent years. It came about as a result of two developments. Firstly, technological changes have enabled information and goods to travel much faster than before, making it easier to transport things and communicate with people. Secondly, the end of the cold war and the spread of a new political philosophy of liberalisation led to the removal of trade barriers. As a result of globalisation, foreign trade and investment have grown dramatically.
The opening up of national economies to international competition.
The ways in which technological developments disseminate information, people and products around the world.
an industry or corporation acting on a global scale with manufacturing bases in several countries. E.g Nike and McDonalds.
Describes the emergence of a global culture brought about by a variety of social and cultural developments such as: the existence of world information systems; the emergence of global patterns of consumption and consumerism; the growth of transnational corporations; the emergence of global sport like World Cup soccer; the spread of world tourism and the growth of global military and economic systems. It involves a consciousness of the world as a single place.
growth to a global or worldwide scale; "the globalization of the communication industry"
a modern method of slaveholding and colonisation of third world countries
The world is shrinking thanks to advancing technology. Depending on what you read, this increasingly interconnected global marketplace is either the best or the worst thing to happen. Meetings of bodies such as G8, the International Monetary Fund and the World Bank often generate large demonstrations.
This is when a firm undertakes business across the world with offices in different countries.
the economic and social process whereby local markets and cultures are increasingly dominated by global markets and culture
When something is not limited to one country but affects many countries across the world. It can refer to culture, business or economics.
The internationalisation of trade, by which domestic economies become inter-dependent
This is a phenomenon that is spreading because of advancing technology. International communication, travel, and the process of connecting people to each other from all over the world has never been so popular.
In economic terms, a process whereby an increased portion of economic activity is carried out across national borders.
This is the process by which the whole world to a greater or lesser degree is adopting American-style capitalism and, in the process drinking increasing amounts of Coca-Cola and eating Big Macs. The process may have adverse implications for local culture but equally creates massive opportunities for companies with a world-beating product to grow from small to large amazingly quickly. The world's largest company by market capitalisation, Microsoft, didn't even exist at the beginning of the 1970s.
the process of bringing together all of the world's economies for the purposes of trade and a common culture
international integration, especially in terms of world trade, financial markets and communication technology. This is often associated with the dominance of the worldâ€™s wealthy countries
The tendency of world investment and business to move from national and domestic markets to a worldwide environment.
The increasing world-wide integration of markets for goods, services and capital that attracted special attention in the late 1990s.
This is the trend where people are becoming more interconnected and interdependent. Information technology is driving this trend by enabling companies to move money and ideas instantly at the click of a mouse. The ways in which goods and information are moved between countries are becoming easier.
Growth of a technology, industry or cultural phenomenon to a global scale.
A process of developing, producing and marketing a product/service worldwide. The figure "11" in the acronym refers to the number of letters cut out for convenience.
i18n â€” see Internationalisation
The greater integration between individual economies in the hope for the formation of a single economic unit without barriers to any forms of trade
the process of encompassing the whole world in a particular field. The blurring of the boundaries between countries, for example the global economy.
The process of developing and manufacturing products intended for worldwide distribution. Most commonly applied to software, but also used for websites and other publications and products, it covers two aspects: -internationalisation and -localisation.
The process of making something worldwide in scope or application.