Globalization

• The exchange of goods and services, and the expansion of trade and investment across national borders, driven by market forces and multinational corporations.

• Globalization
• Political

• Economic

• Cultural

• The diffusion and adaptation of cultural values, beliefs, and practices worldwide. It also involves the creation and consumption of global media and communication.

• Cultural globalization
• International trade
• Globalization of technology
• Political

• Views globalization as a myth or an exaggerated phenomenon that does not significantly alter the existing patterns of international relations.

• Hyperglobalist

• Transformationalist

• Constructivist

• Skeptical

• Social processes that are changing our current social condition based on the modern system of independent nation-states.

• Globalization
• Nationalization
• Isolationism
• Localism

• The perception and awareness of living in a shared society and being connected to people and events around the world.

• Economic

• Political

• Sociological

• Cultural

• Refers to the increasing uniformity of prices, or simply the elimination of price differences, since all markets become one.

• Capitalism

• Global Market Integration

• Globalization

• Communism

• An economic and political system in which a country’s trade and industry are controlled by private owners for profit.

• Capitalism
• Anarchy
• Socialism
• Communism

• Refer to the markets wherein products, services, and commodities from foreign countries are purchased or sold to consumers from other countries or parts of the world.

• international business

• intercontinental markets
• overseas markets
• global markets

Refers to the international framework of economies, regulations, and financial institutions and how these things interact with each other.

• Global financial system
• Global fiscal organization
• International monetary network
• Worldwide economic structure

• Refers to the propensity of companies to invest and establish production sites in countries, or places where taxation rates, labor costs, energy costs, raw materials, regulatory frameworks, and other considerations are favorable.

• Outsourcing
• Domestication
• Global market

• Global production