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The tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe, thereby increasing the interconnectedness of different markets. Globalization has had the effect of markedly increasing not only international trade, but also cultural exchange.
Investopedia Says:
The advantages and disadvantages of globalization have been heavily scrutinized and debated in recent years. Proponents of globalization say that it helps developing nations "catch up" to industrialized nations much faster through increased employment and technological advances. Critics of globalization say that it weakens national sovereignty and allows rich nations to ship domestic jobs overseas where labor is much cheaper.
Source: http://www.answers.com/globalization?cat=biz-fin&gwp=11&method=3&ver=2.3.0.609
International integration Globalization is the spreading of an idea, product, or technology around the world, social, economic, industrial.
What else can I help you with?
How recent is the concept of globalization?
It is from the 60's and 70's.
How did bartolomeu dias spread globalization?
He didn't spread "globalization " because that is a modern concept that didn't apply in the 1500's and the explorers.
What are some of the traditional international trade theories that support the concept of globalization?
No one theory alone can describe the pattern of international trade. Together, the theories of Free Trade, Life-Cycle, Mercantilism, Heckscher0Ohlin, New Trade and Porter's Theory support the concept of globalization.
How new is the concept of globalization?
According to the Oxford English Dictionary, the word 'globalization' was first executed in 1930, to denote a holistic view of human experience in education. However The first phase of "modern globalization" began to break down at the beginning of the 20th century, with the first world war.
What is the relationship between globalization and multicultral?
When comparing globalization and multicultural, globalization discusses more the aspect that many countries interact and trade goods - people are making connections between countries that are far apart, where multicultural discusses the concept that more than one culture is represented in a certain area.
What are some globalization questions?
what is globalization? what are advantages and disadvantages of globalization? what is free trade
Threads of globalization?
treads of globalization
What option best describes the concept of globalization?
The growing cultural and economic interconnections between the countries
Who created globalization?
tncs created globalization
Is Hollywood an example of globalization or Americanization?
Globalization
What has the author Andrew K Thompson written?
Andrew K. Thompson has written: 'From refutation to response' -- subject(s): Globalization, Identity (Philosophical concept), Political activists, Political participation, Power (Social sciences), Protest movements, Social aspects, Social aspects of Globalization, Social interaction
What term did Charles T Russell use for a precursor of the concept 'globalization' late in the 19th century?
Charles Taze Russell referred to the concept of "the New Order" as a precursor to globalization in the late 19th century. He envisioned a future where nations would unite under God's Kingdom, transcending national boundaries and fostering global unity. This idea reflected his belief in a coming age of peace and cooperation among people worldwide.
