Definition Of Term Globalisation

Here you will learn the definition of globalization examine its positive and negative effects and be presented with real examples of globalization.

Definition of term globalisation. 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. 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 definitions of globalization also raise certain issues.

The theory behind globalization is that worldwide openness will promote the inherent wealth of all nations. In economic terms it describes the loosening of barriers to international trade. Globalization is an interconnected web of social economic political cultural and technological processes. Globalization definition is the act or process of globalizing.

Globalization or globalisation commonwealth english. Globalization is a vast process taking place at a global scale. See spelling differences is the process of interaction and integration among people companies and governments worldwide globalization has accelerated since the 18th century due to advances in transportation and communication technology. Some of the major themes which emerge from the definitions and meaning of globalization are put below.

An overview of key terms and definitions of globalization globalization is a form of cultural integration that is usually defined in terms of economics but also encompasses cultural biological and political homogenization on a global scale. Globalization can also be thought of as a flow of people capital goods and ideas. Globalization is an emerging trend in business. The term is often used to describe the process by which dominant cultures exert social political and economic influence on other nations and cultures.

Globalization is the spread of products investment and technology across national borders and cultures. But recently there are scholars who have developed some theories on globalization. Globalization is an elimination of barriers to trade communication and cultural exchange. The state of being globalized.