Globalisation definition

Globalisation means the global mobility and transnational circulation of information, education, culture and economics, through the increase in exchange and the opening of borders by the reduction of barriers and the increase of open access to information via the internet and other virtual platforms.

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.

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 rules applicable to financial contributions from the European Globalisation Adjustment Fund (EGF) are laid down in Regulation (EU) No 1309/2013 of the European Parliament and of the Council of 17 December 2013 on the European Globalisation Adjustment Fund (2014-2020) and repealing Regulation (EC) No 1927/20061 (the ‘EGF Regulation’).

• The European Globalisation Adjustment Fund (EGF) was established to provide additional support for workers made redundant as a result of major structural changes in world trade patterns due to globalisation and to assist them with their reintegration into the labour market.

• The rules applicable to financial contributions from the European Globalisation Adjustment Fund (EGF) are laid down in Regulation (EU) No 1309/2013 of the European Parliament and of the Council of 17 December 2013 on the European Globalisation Adjustment Fund (2014-2020) and repealing Regulation (EC) No 1927/20061 (the 'EGF Regulation').

• The European Globalisation Adjustment Fund has been created in order to provide additional assistance to workers suffering from the consequences of major structural changes in world trade patterns.

• Globalisation of tobacco industry influence and new global responses.

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 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 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

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 as a classic UN term, means the growth, or more precisely the accelerated growth, of economic activity across national and regional political boundaries. However this is only one aspects of the greater globalization definition.

Globalisation means the process whereby the flow of goods, services, capital, people and information are increased and financial or investment markets operate internationally, largely as a result of deregulation and improved communications;

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”: