What is globalization easy words?

In simple terms, globalization is the process by which people and goods move easily across borders. Principally, it’s an economic concept – the integration of markets, trade and investments with few barriers to slow the flow of products and services between nations.

What words best go with the word globalization?

In this page you can discover 12 synonyms, antonyms, idiomatic expressions, and related words for globalization, like: modernity, multiculturalism, globalisation, transnational, globalism, neoliberalism, commodification, capitalism, globalize, democratisation and consumerism.

What is globalization one sentence?

Globalization is the spread of products, technology, information, and jobs across national borders and cultures. In economic terms, it describes an interdependence of nations around the globe fostered through free trade.

What’s another word for globalization?

liberalization, internationalism, globalising, aggregation, universalization, integration, mondialisation, internalization.

What metaphor best describe globalization?

As with any aspect of world politics, globalization is bound up in metaphors. The countless and widely varying examples include ‘creol- ization’, ‘flexibilization’, ‘glocalization’, ‘McWorld’, and ‘virtual reality’. Such utterances generate mental associations that can deeply shape overall knowledge of globalization.

What is globalization example?

Good examples of cultural globalization are, for instance, the trading of commodities such as coffee or avocados. Coffee is said to be originally from Ethiopia and consumed in the Arabid region. Nonetheless, due to commercial trades after the 11th century, it is nowadays known as a globally consumed commodity.

What do you need to know about globalization?

What You Need To Know About Globalization. According to Bhagwati, “Economic globalization constitutes integration of national economies into the international economy through trade, direct foreign investment (by corporations and multinationals), short-term capital flows, international flows of workers and humanity generally, and flows of technology”.

What are the problems associated with globalization?

There are many problems with globalization that need to be addressed including, exploitation, loss of domestic jobs, and the deterioration of ancient cultures.

What are some facts about globalization?

Globalization has had far-reaching effects on our lifestyle. It has led to faster access to technology, improved communication, and innovation. Apart from playing an important role in bringing people of different cultures together, it has ushered a new era in the economic prosperity and has opened up vast channels of development.

What are the arguments for globalization?

Points against globalization: 1. Lack of control over markets and multinational firms. 2. Increased economic social and territorial imbalances. 3. Concentration of richness and increased social inequality. 4. Threat to biodiversity and cultural heritage.