Quote: "Globalization, or globalisation (Commonwealth English; see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide."
Factors behind the growth of globalization, such as technological advancements, political and economic policies, and market forces.
Economic globalization: The integration and interdependence of national economies through the movement of goods, capital, and services.
Technological globalization: The spread of technology and communication networks that have enabled people and businesses to connect, communicate, and share information globally.
Cultural globalization: The spread of cultural ideas, values, and practices across national borders, including food, music, fashion, and entertainment.
Political globalization: The increasing influence of global institutions and governance structures, such as the United Nations and the World Trade Organization.
Migration: The movement of people across national borders in search of better economic, social, and political opportunities.
Environmental globalization: The global impact of environmental issues, such as climate change and resource depletion, that require international cooperation to address.
International trade: The exchange of goods and services between countries, influenced by factors such as tariffs, trade agreements, and currency exchange rates.
Foreign investment: The investment of resources by businesses or individuals in another country or region, often motivated by potential economic gains.
Supply chain management: The coordination and management of the process of producing and distributing goods and services across national borders, impacting companies' efficiency and effectiveness in global markets.
Globalization and income inequality: The impact of globalization on income inequality, including the distribution of wealth and opportunities across different regions and groups of people.
Technological Drivers: The advancements in technology have made the world smaller, faster, and more connected than ever before.
Political Drivers: The creation of international policies and regulations have allowed businesses to conduct their operations more seamlessly across borders.
Economic Drivers: The growth of international trade and investment has led to the integration of economies and increased competition.
Social Drivers: Changes in social attitudes, lifestyles, and demographics have created greater demand for global products and services.
Environmental Drivers: The increasing awareness of environmental issues has led to the development of global environmental standards and regulations.
Cultural Drivers: The spread and dominance of popular culture has created common expectations and tastes across borders.
Legal Drivers: The development of global legal frameworks and institutions has facilitated international transactions and interactions.
Competitive Drivers: The intense competition among businesses has driven them to pursue global market opportunities.
Innovation Drivers: The need to compete and survive in a globalized economy has forced companies to constantly innovate and improve their products and services.
Geopolitical Drivers: The changing power dynamics and alliances among nations have had a significant impact on the globalization process.
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."