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Globalization.
Globalization
| Question | Answer |
|---|---|
| Globalization | A set of processes that are widening, deepening, and accelerating the INTERCONNECTEDNESS among societies |
| types of Globalization | Economic, Cultural, Political, Technological |
| Economic | The global integration of trade and finance leading to the emergence of a single world economy |
| Interdependence | a condition in which the actions and events in one part of the world affect ppl. elsewhere |
| Cultural | Diffusion and integration of cultures worldwide, including ideas, literature, movies, music, fashion, etc. |
| Political | Creation of new international institutions for coordinated decision making (ex. UN,EU, WTO) |
| Technology | New technologies eliminate traditional barriers between countries and the people within them (Ex. internet, cell phone, cable TV) |