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Globalization
/ɡlˌəʊbəlaɪzˈeɪʃən/
/ˌɡɫoʊbəɫɪˈzeɪʃən/
globalisationGlobalization
01
globalisering, wereldwijde integratie
the fact that the cultures and economic systems around the world are becoming connected and similar as a result of improvement in communications and development of multinational corporations
Example
Globalization has led to an increase in international trade and economic cooperation.
The spread of social media is a key driver of globalization, connecting people across continents.
The rise of multinational corporations is one of the most visible effects of globalization.
