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Viva Pit Contemporary

Globalization refers to the increasing interconnectedness and interdependence of world economies, cultures, and societies through the rising flow of goods, services, capital, technology and information across borders. It involves greater economic integration between countries through mechanisms like free trade agreements that facilitate international trade. A key effect is the promotion of interactions and exchange between different regions and populations globally.

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14 views

Viva Pit Contemporary

Globalization refers to the increasing interconnectedness and interdependence of world economies, cultures, and societies through the rising flow of goods, services, capital, technology and information across borders. It involves greater economic integration between countries through mechanisms like free trade agreements that facilitate international trade. A key effect is the promotion of interactions and exchange between different regions and populations globally.

Uploaded by

maananerio7
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Globalization is a term used to describe the increasing connectedness

Broad &
and interdependence of world cultures and economies.
Inclusive

Globalization is the process by which ideas, knowledge, information,


goods and services spread around the world. In business, the term is
used in an economic context to describe integrated economies marked
by free trade, the free flow of capital among countries and easy access to Broad &
Inclusive
foreign resources, including labor markets, to maximize returns and
benefit for the common good.

Globalization refers to the spread of the flow of financial products,


goods, technology, information, and jobs across national borders and
Broad &
Inclusive cultures. In economic terms, it describes
v an interdependence of nations
around the globe fostered through free trade.

Globalization means the speedup of movements and exchanges (of


human beings, goods, and services, capital, technologies or cultural Broad &
practices) all over the planet. One of the effects of globalization is that it Inclusive
promotes and increases interactions between different regions and
populations around the globe.

Globalization is a process of increasing social and economic integration


among countries around the world. It involves greater cooperation
Broad &
between people, governments and companies to make international
Inclusive References:
trade easier—for example, through treaties like free trade agreements.
Globalization. (n.d.). https://education.nationalgeographic.org/resource/globalization/

Hashemi-Pour, C., & Lutkevich, B. (2023, December 21). globalization. CIO.

https://www.techtarget.com/searchcio/definition/globalization

Fernando, J. (2023, March 28). Globalization in business with history and pros and cons. Investopedia.

https://www.investopedia.com/terms/g/globalization.asp

youmatter. (2020, October 6). What is Globalization? Examples, Definition, Benefits and Effects. Youmatter.

https://youmatter.world/en/definition/definitions-globalization-definition-benefits-effects-examples/

Globalization. (2022, June 10). BDC.ca. https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/templates-business-guides/

glossary/globalization

My definition of globalization:
Globalization is the worldwide integration of economies, societies, and cultures
through the exchange of goods, services, ideas, and information across national
borders, fostering interdependence and interconnectedness on a global scale.

The Similarities in the descriptions of globalization, particularly in an economic context. Here are the
commonalities:
1. Spread of Ideas, Knowledge, and Information: Both descriptions acknowledge that globalization
involves the dissemination of ideas, knowledge, and information across the world.
2. Flow of Goods and Services: They both emphasize the movement of goods and services on a
global scale as a central aspect of globalization.
3. Free Trade and Capital Flow: There's a shared emphasis on the importance of free trade and the

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