Globalization from "summary" of International Relations: The Key Concepts by Martin Griffiths,Terry O'Callaghan
Globalization refers to processes that increase the interconnectedness and interdependence of countries and societies on a global scale. It involves the exchange of goods, services, information, ideas, and people across borders, leading to the creation of a global economy, culture, and political system. Globalization is driven by advancements in technology, such as the internet and telecommunications, which have significantly reduced barriers to communication and transportation. One of the key aspects of globalization is economic globalization, which involves the increasing integration of national economies into a single global economy. This is facilitated by the liberalization of trade and investment policies, as well as the growth of multinational corporations that operate across multiple countries. Economic globalization has led to the outsourcing of production and the movement of capital, goods, and services across borders in search of lower costs and new markets. Another aspect of globalization is cultural globalization, which involves the exchange and diffusion of ideas, values, and cultural practices across different societies. This is often facilitated by ...
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