Table of Contents
What is the vocabulary of globalization?
globalization Add to list Share. Globalization is the process of ideas, products, and people moving around the planet with greater ease and efficiency. Globalization takes advantage of cheaper labor in less developed nations but increases free trade between nations and the free flow of capital.
How would you describe globalization in your own words?
Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
What comes into your mind when you hear the word globalization?
When we hear the term globalization, we immediately think of integrated financial systems, tariffs, trade rules, and transnational economic networks. The forces of globalization have provided for extraordinary growth. But globalization is also blamed for increasing inequalities across nations.
What was a key thing to have in globalization?
The characteristic elements that constitute economic globalization are cross-border flows of goods and services, capital, people, data and ideas.
What other words can you think of that you can relate to the globalization?
In this page you can discover 12 synonyms, antonyms, idiomatic expressions, and related words for globalization, like: modernity, multiculturalism, globalisation, transnational, globalism, neoliberalism, commodification, capitalism, globalize, democratisation and consumerism.
What metaphor best describe globalization?
As with any aspect of world politics, globalization is bound up in metaphors. The countless and widely varying examples include ‘creol- ization’, ‘flexibilization’, ‘glocalization’, ‘McWorld’, and ‘virtual reality’. Such utterances generate mental associations that can deeply shape overall knowledge of globalization.