Globalisation definition

Globalisation here means major increases in worldwide trade and exchanges in an increasingly open, integrated, and borderless international economy. There has been remarkable growth in such trade and exchanges, not only in traditional international trade in goods and services, but also in exchanges of currencies, in capital movements, in technology transfer, in people moving through international travel and migration, and in international flows of information and ideas. Globalisation has involved greater openness in the international economy, an integration of markets on a worldwide basis, and a movement toward a borderless world, all of which have led to increases in global flows.

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Globalisation. . Exploration of what it means to be part of the global community and learning and connecting to other cultures. (Private Individual 122)

Globalisation means different things to different people. To some of the protestors in Seattle and Prague it was a catchword embodying all the evils – real and imagined – of the prevailing capitalistic system. Liner operators, their customers, and competition authorities presumably have another understanding of the word. ‘Globalisation’ may to these parties conjure up the image of global shipping services meeting global demand from shippers. Does this image have any substance?

Examples of Globalisation in a sentence

The European Globalisation Adjustment Fund is intended to provide additional support for workers who suffer from the consequences of major structural changes in world trade patterns, to assist them with their reintegration into the labour market.
The Parties reaffirm the need to support the process of globalisation which is beneficial to all and to promote full and productive employment and decent work as a key element of sustainable development and poverty reduction, as endorsed by the 2030 Agenda for Sustainable Development, the ILO Declaration on Social Justice for a Fair Globalisation, adopted in Geneva on 10 June 2008, and the ILO Centenary Declaration for the Future of Work, adopted in Geneva on 21 June 2019.
The Interinstitutional Agreement of 17 May 20061 allows for the mobilisation of the European Globalisation Adjustment Fund (EGF) through a flexibility mechanism, within the annual ceiling of EUR 500 million over and above the relevant headings of the financial framework.
Transfers related to the Globalisation Adjustment Fund shall be made in accordance with the Financial Regulation.
The decision to mobilise the Globalisation Adjustment Fund shall be taken jointly by the European Parliament and the Council.

More Definitions of Globalisation

Globalisation means that geographical boundaries are rapidly losing their influence and that more and more businesses are competing in respect of product and service delivery world-wide. Statt (2004:58) refers to:

Globalisation of the world food market means that there are only realistically two futures for farmers.

Globalisation means different things to different people. For some, the spread of Western-style lifestyle and culture – embracing everything from American coffee chain Starbucks to Korean K-Pop music – is its most visible face. But in the context of income inequality, it’s economic globalisation that matters – or the way in which the world economy has become increasingly integrated and interconnected through five global “flows”:

Globalisation means increased power and speed of century-old local-global interaction. On the one hand, it is about opportunities created by political cross-fertilisation, democratisation and ‘rights-talk’. On the other, it involves the pressures and opportunities created by participating or ‘being participated’ in markets and other trans- national, economic forces. Amartya Sen has suggested that discourse of civil-political

Globalisation means different things to different people. To Charles Pasqua, a senior French politician, it is "the new totalitarianism of our time".1 To Anthony Giddens, a distinguished sociologist, it is an anthropologist in rural Africa, hoping for insights into traditional life-styles when she goes to a local home, only to be invited to join in watching Basic Instinct on video.2 To street protestors, it is a catch-all term for everything unpleasant that distinguishes the twenty-first century from its predecessors.

Globalisation and ‘Digitalisation’, which means that searches for these terms had a similar trend. ‘Belt and Road Initiative’ is correlated with ‘Digitalisation’ (strongest), ‘Scarce resources’, ‘Climate change’, and ‘Globalisation’ (weakest). Finally, ‘Cyber sovereignty’ is correlated to almost all investigated areas: ‘Digitalisation’ (strongest), ‘Climate change’, ‘Deglobalisation’, ‘Scarce resource’, ‘Economic world order’ (strong), ‘Demographic crisis’, and ‘Globalisation’ (weakest).

Globalisation means integration of economics and societies through cross-country flow of information, ideas, technologies, goods, services, capital, finance and people. For some, Globalisation is regarded as a new form of imperialism. Dominant economies with the help of multinational corporations and many other international organisations are expanding their interests and profits to the extent that the interest and welfare and identity of people belonging to poor countries are often compromised. Both citizens and governments often view it negatively. The globalisation has not only ruined people's local identity but also corrupted the ethics of the society, while globalisation is rooted in "mass production", Gandhi talks about production by masses. Gandhi says" I would categorically state my conviction that the mania for mass production is responsible for the world crisis If these