Globalization: meaning, definitions and examples
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globalization
[ ˌɡloʊbəlɪˈzeɪʃən ]
modern world economy
Globalization is the process of interaction and integration among people, companies, and governments worldwide. It involves the movement of goods, services, information, and capital across national borders, leading to increased interconnectedness and interdependence of economies.
Synonyms
global integration, internationalization, worldwide interconnectedness
Examples of usage
- Globalization has led to the expansion of multinational corporations.
- The internet has played a significant role in promoting globalization.
- The globalization of trade has both positive and negative impacts on developing countries.
cultural exchange
Globalization also refers to the exchange of ideas, customs, and cultural practices among different societies. It involves the diffusion of cultural elements such as language, food, and traditions across borders, leading to cultural homogenization or hybridization.
Synonyms
cultural diffusion, cultural globalization
Examples of usage
- The globalization of cuisine has made it easier to find diverse food options in any major city.
- Pop music is a prime example of a cultural product that has spread globally through globalization.
Translations
Translations of the word "globalization" in other languages:
🇵🇹 globalização
🇮🇳 वैश्वीकरण
🇩🇪 Globalisierung
🇮🇩 globalisasi
🇺🇦 глобалізація
🇵🇱 globalizacja
🇯🇵 グローバリゼーション
🇫🇷 mondialisation
🇪🇸 globalización
🇹🇷 küreselleşme
🇰🇷 세계화
🇸🇦 عولمة
🇨🇿 globalizace
🇸🇰 globalizácia
🇨🇳 全球化
🇸🇮 globalizacija
🇮🇸 hnattvæðing
🇰🇿 жаһандану
🇬🇪 გლობალიზაცია
🇦🇿 qloballaşma
🇲🇽 globalización
Word origin
The term 'globalization' gained popularity in the late 20th century to describe the increasing interconnectedness of the world due to advances in technology, communication, and transportation. The concept has roots in earlier periods of history when trade routes connected distant regions, but the modern understanding of globalization emerged in the context of post-World War II economic and political developments.