Quote: "Globalization, or globalisation (Commonwealth English; see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide."
The process of international integration through the expansion of economic, political, and cultural relations among nations.
Economic globalization: Economic globalization is the process of increased economic integration between countries, through the growth in international trade, investment, and capital flows.
International trade: International trade is the exchange of goods and services across borders. It is an essential element of globalization.
International marketing: International marketing is the application of marketing principles in more than one country. It is the process of promoting products and services to the global market.
International finance: International finance involves the management of financial resources across borders, including foreign investment, currency exchange, and capital markets.
Multinational corporations: Multinational corporations are companies that operate in more than one country. They are the driving force behind globalization.
Cultural globalization: Cultural globalization is the spread of cultural values, practices, and products around the world. It is a consequence of globalization.
Political globalization: Political globalization refers to the growing acceptance of universal values, standards, and rules across national borders. It aims to reduce political barriers to cross-border cooperation.
Global governance: Global governance refers to the system of regulation, control, and management that governs global relations. It is essential to the functioning of globalization.
Economic development: Economic development refers to the process of improving the economic well-being and quality of life of a country or region. Globalization has a significant impact on economic development.
International business environment: The international business environment includes factors such as cultural, economic, political, and legal systems that affect the conduct of businesses in multiple countries. Understanding this environment is essential for success in international business.
International law: International law is a set of rules and principles that govern international relations. It plays a crucial role in global business.
International organizations: International organizations are a group of countries or entities that work together to achieve common objectives. They have a significant impact on global business.
International communication: International communication involves understanding cultural differences and communication patterns across different cultures. Effective communication is vital for success in global business.
International negotiation: International negotiation is the process of reaching an agreement between parties from different cultures and backgrounds. It requires an understanding of cultural differences and communication patterns.
International human resources: International human resources involve finding, recruiting, and managing employees across borders. It requires an understanding of cultural differences and employment laws in different countries.
Economic Globalization: The integration of various economies where goods, services, capital, and technology can flow freely across borders.
Political Globalization: The political integration of nations aimed at promoting global governance, cooperation, and policy coordination.
Social Globalization: The spread of cultural values, norms, and practices in different parts of the world.
Cultural Globalization: The diffusion of cultural products and cultural forms like music, art, fashion, food, and language.
Technological Globalization: The spread of information technology, digital communication, and the internet.
Environmental Globalization: The decision-making process of environmental issues has a higher impact on the balance of power.
Labor Globalization: The movement of people to work from one country to another for industries in different sectors.
Financial Globalization: The opening and integration of international financial markets whereby capital flows between countries benefiting companies and investors.
Knowledge Globalization: The sharing of knowledge and research across borders with the aim of knowledge advancement throughout the world.
Legal Globalization: The standardization of legal systems through the promotion and adoption of international rules, regulations, and policies.
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."