Monday, June 8, 2009

Globalization

Globalization (globalisation) is a term for the process by which local, regional or national phenomena become integrated on a global scale.

Globalization is often used to refer to economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology.[1] This process is usually recognized as being driven by a combination of economic, technological, sociocultural, political and biological factors.[2] The term can also refer to the transnational dissemination of ideas, languages, or popular culture.

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