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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]
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 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.
WordNet includes words that can be perceived as pejorative or offensive. [17] The interpretation of a word can change over time and between social groups, so it is not always possible for WordNet to define a word as "pejorative" or "offensive" in isolation. Therefore, people using WordNet must apply their own methods to identify offensive or ...
A version of this article appears in the June/July 2024 issue of Fortune with the headline, "Clusters of worry for world leaders.". This story was originally featured on Fortune.com
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.
It is a "network of networks" that consists of millions of interconnected smaller domestic, academic, business, and government networks, which together carry various information and services, such as electronic mail, online chat, file transfer, and the interlinked Web pages and other documents of the World Wide Web.