Official Definition Of Globalisation

Globalization is an interconnected web of social economic political cultural and technological processes.

Official definition of globalisation. The increase of trade around the world especially by large companies producing and trading. The act or process of globalizing. The state of being globalized especially. Globalization or globalisation commonwealth english.

Globalisation is the growth or more precisely the accelerated growth of economic activity across national and regional political boundaries. However this definition is extremely broad and the number of connotations and views on globalization is nearly endless. Globalization can also be thought of as a flow of people capital goods and ideas. 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.

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. Globalization is seen as an outcome of the new economic order the end of the cold war growth and prosperity as former central intelligence agency head george bush declared. Definition of globalization. This increase in global interactions has caused a growth in international trade and the exchange of.

It finds expression in the increased movement of tangible and intangible goods and services including ownership rights via trade and investment and often people via migration. The opening of international borders to increasingly fast flows of goods services finance people and ideas. And the changes in institutions and policies at national and international. Globalization is the process by which ideas goods and services spread throughout the world.

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 spread of products technology information and jobs across national borders and cultures. 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.