What comes in 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 are the words that are related to 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 is Globalisation explain in your own words?

Globalisation means integrating the economy of a country with the economies of other countries under conditions of free flow of trade, capital and movement of persons across borders. It includes. (i) Increase in foreign trade. (ii) Export and import of techniques of production.

What are 4 examples of globalization today?

Examples of Globalization

• Example 1 – Cultural Globalization.
• Example 2 – Diplomatic Globalization.
• Example 3 – Economic Globalization.
• Example 4 – Automotive Industry Globalization.
• Example 5 – Food Industry Globalization.
• Example 6 – Technological Globalization.
• Example 7 – Banking Industry Globalization.

What are the 5 types of globalization?

It affects worldwide societies in the aspects of Economic, Social, Political, Cultural, and environmental. There are the main 5 types of globalization….These are:

• Economic Globalization.
• Social Globalization.
• Cultural Globalization.
• Political Globalization.
• Environmental Globalization.

How are we connected to our world?

We live in a world where we are connected with other people – socially, politically, economically and environmentally. Increased trade between countries, the growth of international organisations and changes in transport and communications technology mean that these connections are rapidly increasing.

What is globalization give an example?

Good examples of cultural globalization are, for instance, the trading of commodities such as coffee or avocados. Coffee is said to be originally from Ethiopia and consumed in the Arabid region. Nonetheless, due to commercial trades after the 11th century, it is nowadays known as a globally consumed commodity.

What do you mean by Globalisation Class 12?

Globalisation means the flows of ideas, capital, commodities and people across different parts of the world. These flows can be ideas moving from one part of the world to another, commodities being traded across borders and so on.