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World War I disrupted economic globalization, with countries adopting protectionist policies and trade barriers, slowing global trade. [7] The 1956 invention of containerized shipping and larger ship sizes reduced costs, facilitating global trade. [8] [9] Globalization resumed in the 1970s as governments highlighted trade benefits.
Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. [1]
Represented global cultural interconnectedness, which eventually led to developments in transport and transport infrastructures such as jet airlines, construction of road and rail networks. This allowed for more tourism and shifting patterns of global migration.
Globalization is commonly defined as the international movement toward economic, trade, technological, and communications integration and concerns itself with interdependence and interconnectedness. As a result of the interconnectedness brought on by globalization, languages are being transferred between communities, cultures, and economies at ...
The word stems from Manfred Lange, [6] head of the German National Global Change Secretariat, [7] who used "glocal" in reference to Heiner Benking's exhibit Blackbox Nature: Rubik's Cube of Ecology at an international science and policy conference. [8] [9] "Glocalization" first appeared in a late 1980s publication of the Harvard Business Review.
Scholars critical of global capitalism (and its global ecological and inequality crises) have argued instead for a transnationalism from below between workers and co-operatives as well as popular social and political movements. [8] Transnationalism as concept, theory and experience has nourished an important literature in social sciences.
Economic globalization is the intensification and stretching of economic interrelations around the globe. [3] [4] It encompasses such things as the emergence of a new global economic order, the internationalization of trade and finance, the changing power of transnational corporations, and the enhanced role of international economic institutions.
In other words, the original divide in the territorial boundaries between them have lost some authority, what is the main phenomenon of deterritorialization. [5] Therefore, no matter from what angle to explore globalization, deterritorialization has been a general consensus. [6] The word "deterritorialization" may have different meanings.