Definition Of Globalisation By Different Authors

In popular discourse globalization is often related to the internet revolution the neo liberal or free market economies and the predominantly western political economic and cultural style.

Definition of globalisation by different authors. Carnoy 2001 the global economy is an economy with the capacity to work as a unit in real time on a planetary scale p 92 castells 1996. A widening deepening and speeding up of interconnectedness in all aspects of contemporary social life from the cultural to the criminal the financial to. 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. Globalization is the process by which ideas goods and services spread throughout the world.

It is broadly used to refer to increased interdependence and integration of international social relations and economic activity. In this section we have provided multiple definitions of globalization since it is a widely defined word with several connotations to many different people. Globalization is the spread of products investment and technology across national borders and cultures. Globalization largely refers to the movement toward an integrated global economy marked by the free exchange of goods and capital.

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. Globalisation may indeed mean the end of the nation state if the nation state fails to redefine itself to meet the new conditions it faces in the global environment. With this comprehensive outlook on globalization we encourage our readers to shape their own opinions on this pressing concept in the modern world. The term globalization is used to describe the changes in the world order where different aspects of a nation are viewed as part of a global community.

In economic terms it describes the loosening of barriers to international trade. Although the term tends to have.