The Definition Of The Word Globalisation

The impact of homogenization on culture 1185 words 5 pages.

The definition of the word globalisation. According to the definition given by globalisation101 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. But the term gained popularity after the cold war in the. In economic terms it describes the loosening of barriers to international trade. According to the oxford dictionary the word globalization was first employed in the 1930.

It is a word that constructs itself naturally in the english language by combining the word global with the standard suffix ization. Globalization or globalisation commonwealth english. The increase of trade around the world especially by large companies producing and trading. 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.

It obviously must mean to become global to make global or something along these lines. It is noticed that the term globalization developed from the objective global in. This increase in global interactions has caused a growth in international trade and the exchange of. Globalization is the process by which ideas goods and services spread throughout the world.

The etymology of the word globalization reveals that the term was coined as early as 1959 although its popularity gained momentum only after 1985. Globalization definition the act of globalizing or extending to other or all parts of the world. Malcolm waters observed in 1961 webster became the first dictionary to offer definitions of globaliza tion and globalism. Globalization is the spread of products investment and technology across national borders and cultures.

Globalization is the word used to describe the growing interdependence of the world s economies cultures and populations brought about by cross border trade in goods and services technology and flows of investment people and information countries have built economic partnerships to facilitate these movements over many centuries. 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. The globalization of manufacturing.