Essay about Definition of Globalization
[pic][pic][pic][pic]Different Viewpoints About Definition Of Economic Globalization
Definition of globalization is a vast as well as a debatable topic. Contemporary writers have viewed this word from their own unique perspective. At the same time various factors including but not limited to culture, society values, benefits and side effects have been instrumental in shaping the various forms of definitions of this word.
Globalization generally refers to the process of integrating regional economies and of course cultures by means of communication, trade and transportation. Commonly the word is often replaced by the term economic globalization. But this term is rather shallow as it only describes the fusion …show more content…
It is a fact that because of globalization, transaction expenses of trans border moves of funds and items have fallen lower significantly. Entire world business has exposed, it has an unparalleled growth and development of superior means of marketing communications, need for the international corporations has significantly elevated, human population migrations