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Globalization Definition and Explanation PDF Download

Learn Globalization definition in general with explanation to study “What is Globalization”. Study globalization explanation with general terms to review general course for online degree programs.

Globalization Definition:

  • Globalization terms as the process involved in the capitalist diversion of interaction among local and communal frugality into a global and independent economy.

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Globalization Explanation:

The term globalization is driven by technological advancement, transportation, endowment, and global cooperation. Since prehistoric time, people faced hardships to exchange goods, settle and progress financially due to abundance of industrialization and automation regulation. As in modern era, the globalization process evolved by international trade, economic fiscal and assistance by information technology. It is further divided by seven major types: financial globalization, economic globalization, technological globalization, political globalization, cultural globalization, ecological globalization, and sociological globalization. Principally, globalization is an economic concept, the conjunction of market, trade and cost effective movement along with few obstacles that may decline in the growth and flow of products and assistance among democratic union.

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