Complete Definition Of Globalisation

The dictionary definition is a great deal drier.

Complete definition of globalisation. In economic terms it describes the loosening of barriers to international trade. Globalization or globalisation commonwealth english. 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. Globalization is the process by which ideas goods and services spread throughout the world.

Globalization definition is the act or process of globalizing. The state of being globalized. And regardless of whether it works for good or ill globalisation s. Globalization is an emerging trend in business.

The process of globalisation has both encouraged and been encouraged by the free movement of people much of the world s ills have little to do with the process of globalisation itself is globalisation a set of processes dominated by western countries to their own advantage. Globalization is the spread of products investment and technology across national borders and cultures. The increase of trade around the world especially by large companies producing and trading. The development of an increasingly integrated global economy marked especially by free trade free flow of capital and the tapping of cheaper foreign labor markets.

The globalization of manufacturing. In business the term is often used in an economic context to describe an integrated economy marked by free trade the free flow of capital and corporate use of foreign labor markets to maximize returns and benefit the common good. Here you will learn the definition of globalization examine its positive and negative effects and be presented with real examples of globalization. Globalisation can be seen as a positive negative or even marginal process.