Globalization
Definition
Globalization refers to the process by which businesses or other organizations develop international influence or start operating on an international scale.
Analogy
Imagine if your neighborhood was like globalization. Your neighbor from two houses down might be cooking Italian pasta for dinner, while you're watching a Korean drama, and your friend across the street is listening to American pop music. That's globalization - different cultures and influences coming together from all over the world!
Related terms
Trade Liberalization: The removal or reduction of restrictions or barriers on the free exchange of goods between nations.
Multinational Corporations: These are large companies that operate in several countries around the world.
Cultural Exchange: The sharing and mixing of cultures through different mediums such as food, music, art etc., often facilitated by globalization.
"Globalization" appears in:
Subjects (7)
Study guides (2)
Practice Questions (20+)
- How did globalization impact European economies during the period from 1648-1815?
- What technological development facilitated globalization starting from late-20th century?
- What technological development has primarily contributed to globalization in the late twentieth century?
- Whose leadership led to the reunification of Germany, an important event in Europe's path towards globalization?
- What major technological development has greatly accelerated globalization since late twentieth century?
- What is a significant characteristic of globalization in European history?
- What has been a major impact of globalization on Europe’s society?
- Which concept refers to a trend towards worldwide investment, facilitated by globalization in the late twentieth century?
- How did globalization contribute to political shifts in Europe during the late twentieth century?
- What is an effect of technological advancements on globalization within Europe post-World War II?
- How did globalization impact social structures in Europe during the late twentieth century?
- What was a major cultural effect of globalization in post-world war II Europe?
- Which trend emerged in Europe as a response to the challenges posed by globalization?
- What is one way that international organizations facilitated globalization in post-war Europe?
- Which of the following factors was a major catalyst for globalization in the late 20th century?
- How has globalization impacted the European Union's agricultural policy?
- What social issue has been exacerbated by globalization, affecting many nations worldwide including European countries?
- How did globalization affect France's agricultural sector during late twentieth century?
- What has been one major demographic shift in Europe due to globalization since late twentieth century?
- What was a significant outcome for Eastern European countries due to globalization following World War II?
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