GLOBAL / INTERNATIONAL TRADEHOMEWORK # 1
Globalization
Globalization
(or
g
lobalisation
) describes the process by whichregional economies, societies, and cultures have becomeintegrated through a global network of political ideas throughcommunication, transportation, and trade.The term is most closely associated with the term economicglobalization: the integration of national economies into theinternational economy through trade, foreign directinvestment, capital flows, migration, the spreadof technology, and military presence.
Globalization
H
owever, globalization is usually recognized as being driven by acombination of economic, technological, sociocultural,political, and biological factors.The term can also refer to the transnational circulation of ideas,languages, or popular culture through acculturation.An aspect of the world which has gone through the process canbe said to be
g
lobalized
.
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