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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.
UK Prime Minister Keir Starmer with US President Joe Biden. Relations between the United Kingdom and the United States have ranged from military opposition to close allyship since 1776. The Thirteen Colonies seceded from the Kingdom of Great Britain and declared independence in 1776, fighting a successful revolutionary war.
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 ).
A visible aspect of the cultural globalization is the diffusion of certain cuisines such as American fast food chains. The two most successful global food and beverage outlets, McDonald's and Starbucks , are American companies often cited as examples of globalization, with over 36,000 [ 5 ] and 24,000 locations operating worldwide respectively ...
Gray points out that the American system of Globalization is past its prime and is no longer sustainable in the modern world. Globalization in the United States began with the common goal of forming a global collective that facilitates a steady stream of trade, internationalism, and collaboration in various sectors to promote peace and ...
The authority of Congress to regulate international trade is set out in the United States Constitution (Article I, Section 8, Paragraph 1): . The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and to promote the general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform ...
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.
Globalization in Question: The International Economy and the Possibilities of Governance is a text on globalization by Paul Hirst, Grahame Thompson and Simon Bromley, published in 1996 by Polity Press. [1] [2]