Globalizing: meaning, definitions and examples
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globalizing
[ɡloʊbəlˈaɪzɪŋ ]
Definition
economic development
Globalizing is the process of businesses or other organizations developing international influence or starting operations on an international scale. It involves the integration of economies, cultures, and societies across the world. This process often results in increased trade, investment, and cultural exchange between countries. Globalization can lead to a more interconnected world, but it also raises concerns about cultural homogenization and economic disparity.
Synonyms
cross-border trade, expanding, integrating, internationalizing.
Examples of usage
- The company is globalizing its operations to reach new markets.
- Many universities are globalizing their programs to attract international students.
- The globalizing trend has significantly affected local cultures.
- Globalizing trade has led to economic growth in developing countries.
Interesting Facts
Etymology
- The term 'globalization' emerged in the 1960s, although similar concepts have existed much longer.
- It combines the Latin word 'globalis' (meaning spherical) with the suffix '-ize' which means to make.
- The word reflects a shift from local to worldwide perspectives in trade and culture.
Economic Impact
- Globalizing economies allow countries to trade goods more freely, making products cheaper and more available.
- Many companies operate in multiple countries, leading to diverse job opportunities and economic growth.
- However, it can also result in job losses in some local industries as companies move to less expensive places.
Cultural Exchange
- Globalizing connects cultures, sharing traditions, music, and food, which can enrich communities.
- Cultural items, like sushi from Japan, can become popular worldwide, affecting local eating habits.
- The exchange can lead to a blending of cultures, but sometimes it also raises concerns about cultural loss.
Technology Influence
- The internet has greatly accelerated the process of globalizing, allowing instant communication across borders.
- Social media platforms enable people from different countries to connect and share experiences like never before.
- Technology facilitates global market access, letting small businesses sell products to international customers.
Environmental Considerations
- Globalizing can lead to environmental issues as increased production often translates to higher carbon footprints.
- International policies and agreements, like the Paris Agreement, aim to address environmental challenges on a global scale.
- The effects of climate change are felt worldwide, illustrating the interconnected nature of global issues.
Translations
Translations of the word "globalizing" in other languages:
🇵🇹 globalizando
🇮🇳 वैश्वीकरण करना
🇩🇪 globalisierend
🇮🇩 globalisasi
🇺🇦 глобалізація
🇵🇱 globalizujący
🇯🇵 グローバル化する
🇫🇷 mondialisation
🇪🇸 globalizando
🇹🇷 küreselleşme
🇰🇷 세계화하고 있는
🇸🇦 العولمة
🇨🇿 globalizující
🇸🇰 globalizujúci
🇨🇳 全球化
🇸🇮 globalizacija
🇮🇸 alþjóðavæðing
🇰🇿 глобализация
🇬🇪 გლობალიზაცია
🇦🇿 qlobalizasiya
🇲🇽 globalizando