Quote: "Globalization, or globalisation (Commonwealth English; see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide."
The complex network of economic interactions between countries and regions, including trade, investment, finance, and labor.
Trade: An economic activity that involves the buying and selling of goods and services in both domestic and international markets.
International Monetary Fund (IMF): An international organization that promotes international monetary cooperation, facilitates international trade, promotes economic growth, and stabilizes currencies.
World Trade Organization (WTO): A global organization that facilitates international trade by providing a platform for negotiations, enforcing trade agreements, and resolving trade disputes.
International and Comparative Business Law: The study of legal frameworks and concepts that affect businesses operating in different countries and jurisdictions.
Globalization: The process by which economies, societies, and cultures integrate with one another through trade, investment, and technology.
Macroeconomics: The study of large-scale economic principles, such as gross domestic product, inflation, and unemployment.
Capital Markets: The markets where financial assets are traded, including stocks, bonds, and commodities.
International Finance: The study of monetary transactions between different countries, such as foreign exchange rates, international trade financing, and global investment strategies.
Multinational Corporations (MNCs): Companies that operate in multiple countries and have a global reach.
Development Economics: The study of economic growth and the policies and factors that influence it, with a particular focus on developing countries.
International Trade Agreements: The legal frameworks governing international trade, such as free trade agreements and customs unions.
International Investment: The process of investing in assets outside of a country's borders, including foreign direct investment and portfolio investment.
Taxation and Fiscal Policy: The policies and principles behind government taxation and spending, including issues such as corporate tax rates and government debt.
International Relations: The study of political and economic relationships between countries.
Economic Development: The process by which economies grow and evolve over time, and the factors that contribute to or hinder that development.
Capitalist Global Economy: A system where private individuals, corporations, and businesses own and control the means of production, distribution, and exchange of goods and services.
Socialist Global Economy: An economic system where the government owns and operates key industries and businesses.
Mixed Global Economy: A combination of both capitalist and socialist systems, where the government has some control over key industries but private ownership is still allowed.
Green Global Economy: An economy that promotes sustainable development practices to reduce negative environmental impacts and ensure the sustainable use of natural resources.
Digital Global Economy: An economy that focuses on digital goods and services and leverages the growth of modern technologies like the internet, mobile phones, and cloud computing.
Knowledge-based Global Economy: An economy that relies on intellectual capital, innovation, and research and development to drive growth and productivity.
Emerging Market Global Economy: An economy of developing nations with advancing economies, seeking to integrate into the global marketplace.
Industrial Global Economy: An economy where manufacturing and heavy industry dominate and play a prominent role in national growth and development.
Service-based Global Economy: An economy where services dominate the market, such as banking, education, healthcare, transportation, and retail.
Protectionist Global Economy: An economy that seeks to reduce the import of goods and services through tariffs, quotas, and other trade barriers to protect local economies and industries.
Quote: "The term globalization first appeared in the early 20th century... and came into popular use in the 1990s to describe the unprecedented international connectivity of the post-Cold War world."
Quote: "Advances in transportation, like the steam locomotive, steamship, jet engine, and container ships, and developments in telecommunication infrastructure such as the telegraph, the Internet, mobile phones, and smartphones, have been major factors in globalization."
Quote: "Globalization is primarily an economic process of interaction and integration that is associated with social and cultural aspects."
Quote: "This increase in global interactions has caused a growth in international trade and the exchange of ideas, beliefs, and culture."
Quote: "However, disputes and international diplomacy are also large parts of the history of globalization and of modern globalization."
Quote: "Large-scale globalization began in the 1820s, and in the late 19th century and early 20th century drove a rapid expansion in the connectivity of the world's economies and cultures."
Quote: "In 2000, the International Monetary Fund (IMF) identified four basic aspects of globalization: trade and transactions, capital and investment movements, migration and movement of people, and the dissemination of knowledge."
Quote: "Globalizing processes affect and are affected by business and work organization."
Quote: "Academic literature commonly divides globalization into three major areas: economic globalization, cultural globalization, and political globalization."
Quote: "Removal of cross-border trade barriers has made the formation of global markets more feasible."
Quote: "Though many scholars place the origins of globalization in modern times, others trace its history to long before the European Age of Discovery and voyages to the New World, and some even to the third millennium BCE."
Quote: "Advances in transportation and developments in telecommunication infrastructure have been major factors in globalization and have generated further interdependence of economic and cultural activities around the globe."
Quote: "The term global city was subsequently popularized by sociologist Saskia Sassen in her work The Global City: New York, London, Tokyo (1991)."
Quote: "Globalizing processes affect and are affected by... sociocultural resources."
Quote: "Economically, globalization involves goods, services, data, technology, and the economic resources of capital."
Quote: "Globalizing processes affect and are affected by... migration and movement of people."
Quote: "Its origins can be traced back to 18th and 19th centuries due to advances in transportation and communications technology."
Quote: "In 2000, the International Monetary Fund (IMF) identified four basic aspects of globalization..."
Quote: "The expansion of global markets liberalizes the economic activities of the exchange of goods and funds."