Globalization Defined

acceleration and intensification of economic interaction among the people, companies, and governments of different nations.

Internationalization of trade and investment

Liberalization of markets

Extreme rapidity of communication

A world of "scapes" (Appadurai 1990)

Ethnoscapes
Mediascapes
Technoscapes
Financescapes
Ideoscapes

 

 

 

 

Growth in World Trade

Mcdonaldization