Globalized World

Definition

A globalized world refers to a state of interconnectedness and interdependence among nations, cultures, economies, and societies worldwide. It involves the free flow of goods, services, information, ideas, and people across national boundaries.

Related terms

Multinational Corporation: A company that operates in multiple countries and has business activities or subsidiaries in various locations.

Cultural Diffusion: The spread or transmission of ideas, beliefs, customs, technologies, languages, etc., from one culture to another through contact or interaction.

Economic Interdependence: A situation where countries rely on each other for economic resources or trade due to specialization and comparative advantage.