Globalization

Definition

Globalization refers to the process by which businesses, ideas, cultures etc., develop international influence or start operating on an international scale.

Related terms

International Trade: The exchange of goods and services between countries. This is a key aspect of globalization.

Cultural Diffusion: The spread of cultural beliefs and social activities from one group to another. It's often accelerated by globalization.

Multinational Corporations: These are large companies that operate in several countries. They are major drivers of globalization.