Globalization

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Globalization

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The term Globalization (or globalisation) refers to processes of international integration arising from the interchange of world views, products, ideas, and other aspects of culture !"#!$# %dvances in transportation and telecommunications infrastructure, including the rise of the telegraph and its posterity the&nternet, are ma'or factors in globalization, generating further interdependence of economic and cultural activities !(# Though several scholars place the origins of globalization in modern times, others trace its history long before the )uropean age of discovery and voyages to the *ew World +ome even trace the origins to the third

millennium ,-) !.#!/# &n the late "0th century and early $1th century, the connectedness of the world2s economies and cultures grew very 3uickly The term globalization has been increasing use since the mid4"051s and especially since the mid4"001s $111, the &nternational 7onetary Fund (&7F) identified four basic aspects of globalization8 trade and transactions, capital and investment movements, migration and movement of people and the dissemination of knowledge !9# Further, environmental challenges such as climate change, cross4 boundary water, air pollution, and over4fishing of the ocean are linked with globalization
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Globalizing

processes affect and are affected by business and work organization, economics, socio4cultural resources, and thenatural environment