Globalization

Definition: It is the absence of borders and barriers to trade between nations. It also is a business strategy that means doing everything the same everywhere. Others believe globalization is interconnections between overlapping interests of business and society.

Generally, globalization is a process whereby international interconnections in practically every sphere of activity are growing. A number of of these interconnections bring about integration, unity worldwide, others do not. Jointly, global interconnections and the relationship they create symbolize a historically unprecedented process that is quickly remodelling the context for many activities. There are six main spheres of activities where global interconnection can be observed: global business and industry activities; the natural environment; global culture; global politics; global economics and global technologies.

Main characteristic of globalization:

The first characteristic is growing......

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Title: Globalization
Approximate Word Count: 486
Approximate Pages: 2 (250 words per double-spaced page)

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