globalization
IPA:
Dictionary definition of globalization
The interconnectedness and integration of economies, societies, cultures, and nations on a global scale.
"Globalization has opened up new opportunities for international trade and investment."
Detailed meaning of globalization
It is the process through which ideas, technologies, goods, services, capital, and information flow across national boundaries, creating networks and interdependencies among different parts of the world. Globalization is fueled by advancements in transportation, communication, and technology, which have significantly reduced barriers to trade, communication, and travel. It has led to increased interdependence among nations, fostering greater economic cooperation, cultural exchange, and the spread of ideas. Globalization has reshaped industries, supply chains, and labor markets, enabling multinational corporations to operate in multiple countries and facilitating the movement of goods and services across borders. It has also sparked debates about its impact on labor standards, income inequality, cultural homogenization, and environmental sustainability. Overall, globalization has transformed the world into an interconnected global community, influencing economies, cultures, politics, and social dynamics on a global scale.
Example sentences containing globalization
1. The advent of the internet has accelerated the pace of globalization, connecting people from all corners of the globe.
2. Globalization has led to the exchange of ideas and cultural practices, enriching societies worldwide.
3. The impact of globalization can be seen in the spread of multinational corporations and global brands.
4. Technological advancements have facilitated the rapid globalization of financial markets.
5. Globalization has brought about both benefits and challenges for developing nations.
6. The interconnectedness fostered by globalization has made the world more interdependent than ever before.
History and etymology of globalization
The noun 'globalization' has its etymological origins in the word 'global,' which is derived from the French word 'global,' meaning 'comprehensive' or 'worldwide.' The suffix '-ization' is added to 'global' to form 'globalization,' and it denotes the process or state of becoming global or worldwide. The term emerged in the latter half of the 20th century to describe the increasing interconnectedness and integration of economies, societies, cultures, and nations on a global scale. It reflects the idea of a shrinking world, where the boundaries between countries and regions are diminishing, and global interdependence is growing. The etymology of 'globalization' underscores its focus on the global scope of these profound changes, emphasizing the comprehensive nature of the phenomenon and its impact on the world as a whole.
Further usage examples of globalization
1. Globalization has resulted in a global marketplace, with goods and services accessible from anywhere in the world.
2. The effects of globalization can be felt in the growing influence of global institutions like the World Bank and the International Monetary Fund.
3. Globalization has transformed the way people communicate, breaking down geographical barriers.
4. The flow of capital and labor across borders is a key characteristic of globalization.
5. Globalization fosters cultural exchange and economic growth.
6. The internet has accelerated globalization immensely.
7. Trade agreements promote globalization of markets.
8. Globalization can lead to both benefits and challenges.
9. Cultural diversity thrives in an era of globalization.
10. Globalization fuels competition among nations.
11. Technological advances drive economic globalization.
12. Education is vital in navigating today's globalization.
13. Globalization reshapes traditional business models.
14. Social media connects people globally, enhancing globalization.
15. Migration patterns reflect the impact of globalization.
16. Economic inequality can result from uneven globalization.
17. Political leaders grapple with the effects of globalization.
18. Globalization requires adapting to diverse perspectives.
19. Globalization transcends borders, reshaping geopolitics.
20. Environmental sustainability is crucial in globalization.
21. Innovation thrives in a globalized knowledge economy.
22. Cultural preservation is challenged by globalization.
23. Healthcare systems adapt to globalized health threats.
Synonyms
Quiz categories containing globalization
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Progress and Enhancement, Boundaries and Limits, Innovation and Inception, Culture and Society
integration, isolation, separation, nationalism
eb68db_9c842634e94648c3a30c5fd726b1ab4f.mp3
connectivity,convergence,dissemination,expansion,homogenization,integration,interconnectivity,interdependence,internationalization,networking,permeation,unification