Definitions of Globalization
"Globalization is the term used to describe the
changes in societies and the world economy that result from dramatically
increased international trade and cultural exchange. It describes
the increase of trade and investing due to the falling of barriers
and the interdependence of countries.
"In specifically economic contexts, the term refers
almost exclusively to the effects of trade, particularly trade liberalization
or "free trade" (however, see "meanings" below).
More broadly, the term refers to the overall integration, and resulting
increase in interdependence, among global actors (be they political,
economic, or otherwise)."
-- definition
from Wikipedia |
"Operating around the world. Although many
large companies have globalized for decades, the Web, more than any
other phenomenon, has enabled the smallest company to have a global
presence."
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definition from PC Magazine |
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"Globalization
is not just a phenomenon and not just a passing trend. It is the
international system that replaced the Cold War system. Globalization
is the integration of capital, technology, and information across
national borders, in a way that is creating a single global market
and, to some degree, a global village.
"You cannot understand the morning news
or know where to invest your money or think about where the world
is going unless you understand this new system, which is influencing
the domestic policies and international relations of virtually every
country in the world today. "
-- definition
from Thomas L. Friedman, New York Times
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