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The historical origins of globalization (also known as historical globalization) are the subject of ongoing debate. Though many scholars situate the origins of globalization in the modern era (around the 19th century ), others regard it as a phenomenon with a long history, dating back thousands of years (a concept known as archaic globalization ).
Globalization (North American spelling; also Oxford spelling [UK]) or globalisation (non-Oxford British spelling; see spelling differences) is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide.
Cultural globalization refers to the transmission of ideas, meanings and values around the world in such a way as to extend and intensify social relations. [1] This process is marked by the common consumption of cultures that have been diffused by the Internet , popular culture media, and international travel .
Barron's senior managing editor Lauren Rublin interviews TS Lombard's Freya Beamish and Guggenheim Partners CIO Scott Minerd about the impact of deglobalization on countries, companies, and investors.
The AOL.com video experience serves up the best video content from AOL and around the web, curating informative and entertaining snackable videos.
Globalization is sometimes perceived as a cause of a phenomenon called the "race to the bottom" that implies that to minimize cost and increase delivery speed, businesses tend to locate operations in countries with the least stringent environmental and labor regulations. Pressure to do this is increased if competitors lower costs by the same means.
An 1817 Perspective of the world consistent with the view point of Modern Globalization. Notice the amount of detail. Like capital, the end of proto-globalization was filled with mobility of individuals. The time of proto-globalization was one filled with "mutual influence, hybridization, and cross-cultural entanglement". [59]
While different ethnic groups may display their own insular cultural aspects, throughout time a broad American culture has developed that encompasses the entire country. Developments in the culture of the United States in modern history have often been followed by similar changes in the rest of the world ( American cultural imperialism ).