Globalization

Definition

Globalization refers to the increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas on a global scale.

Related terms

Cultural Diffusion: The spread of cultural beliefs, practices, and ideas from one society to another.

Economic Interdependence: The mutual reliance between countries for economic resources and trade.

Transnational Corporations: Large companies that operate in multiple countries and have production facilities or branches around the world.