| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,524,190,206 visitors served. |
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
globalization |
Also found in: Dictionary/thesaurus, Medical, Financial, Wikipedia, Hutchinson | 0.07 sec. |
globalizationProcess by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation technologies and services, mass migration and the movement of peoples, a level of economic activity that has outgrown national markets through industrial combinations and commercial groupings that cross national frontiers, and international agreements that reduce the cost of doing business in foreign countries. Globalization offers huge potential profits to companies and nations but has been complicated by widely differing expectations, standards of living, cultures and values, and legal systems as well as unexpected global cause-and-effect linkages. See also free trade. globalizationOperating around the world. Although many large companies have globalized for decades, the Web, more than any other phenomenon, has enabled the smallest company to have a global presence. See localization. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
Most recently, the globalizations of economies and work prompted a growing instability in people's occupational and personal life. If contemporary globalizations erase markers of race, as immigration over time and in the context of schooling and youth culture once effectively erased markers of ethnicity, then in the future the United States can once again expect to be at the forefront of a new kind of world identity just as it once created a trans-European identity. There are in fact multiple globalizations afoot today--a morass of circulating people, capital, commodities, and ideas--resulting in a process far more complicated than the standard account of interconnected markets and technical homogenization. |
| Encyclopedia |
| Free Tools: |
For surfers:
Browser extension |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|