globalisation
Cross-border economic linking
Globalisation is the British spelling of globalization—the process by which economies, cultures, and populations become increasingly interconnected across national boundaries.
It encompasses trade, investment, migration, and the spread of ideas and technology: Globalisation has transformed manufacturing supply chains.
Critics associate it with inequality and cultural homogenization; proponents emphasize prosperity and exchange.
Exchange of commodities
- marketsTrade gathering places
- outsourcingThird-party task delegation
- importsGoods brought in
- exportsGoods sold abroad
tariffs · capitalism · investment · commodities · currency · forex · inflation · deflation
Operating across multiple countries
- transnationalCrossing country lines
- corporationLegally separate business entity
- conglomerateCorporation spanning many industries
- subsidiaryOf lesser importance
headquarters · acquisition · merger · outsourcing · offshoring · cross-border · franchise · expansion
Reciprocal reliance between entities
- borderlessWithout defined limits
- interconnectednessState of mutual linkage
- cosmopolitanismBelief in shared humanity
- deterritorializationRemoval from native context
mobility · convergence · integration · international · worldwide · transnational · migration · remittances
Global commerce regulator
- GATTTariff-reducing treaty acronym
- tariffsTaxes on imports
- quotasMandated numerical limits
- sanctionsPunitive international restrictions
protectionism · neoliberalism · deregulation · regulation · multilateralism · diplomacy · immigration · governance
Coexistence of diverse traditions
- diversityState of varied elements
- heritageInherited cultural legacy
- traditionsLong-established customs passed down
- cosmopolitanCulturally sophisticated, internationally fluent
acculturation · diaspora · hybridity · fusion · cross-cultural · intercultural · ethnicity · languages
Interconnected computer systems
- connectivityState of being linked
- digitalOf discrete data
- telecommunicationsRemote signal transmission technology
- e-commerceInternet-based buying and selling
cyberspace · automation · satellite · smartphones · networking
Society adopting fast-food principles
- westernizationAdopting Euro-American practices
- AmericanizationAdopting US cultural norms
- standardizationImplementing uniform technical specifications
- monocultureSingle-crop agricultural system
uniformity · conformity · Starbucks · consumerism · ethnocentrism
trade
Exchange of commodities
- marketsTrade gathering places
- outsourcingThird-party task delegation
- importsGoods brought in
exports · tariffs · capitalism · investment · commodities · currency · forex · inflation · deflation · competition
multinational
Operating across multiple countries
- transnationalCrossing country lines
- corporationLegally separate business entity
- conglomerateCorporation spanning many industries
subsidiary · headquarters · acquisition · merger · outsourcing · offshoring · cross-border · franchise · expansion · operations
interdependence
Reciprocal reliance between entities
- borderlessWithout defined limits
- interconnectednessState of mutual linkage
- cosmopolitanismBelief in shared humanity
deterritorialization · mobility · convergence · integration · international · worldwide · transnational · migration · remittances · tourism
WTO
Global commerce regulator
sanctions · protectionism · neoliberalism · deregulation · regulation · multilateralism · diplomacy · immigration · governance · subsidies
multiculturalism
Coexistence of diverse traditions
- diversityState of varied elements
- heritageInherited cultural legacy
- traditionsLong-established customs passed down
cosmopolitan · acculturation · diaspora · hybridity · fusion · cross-cultural · intercultural · ethnicity · languages · customs
internet
Interconnected computer systems
- connectivityState of being linked
- digitalOf discrete data
- telecommunicationsRemote signal transmission technology
e-commerce · cyberspace · automation · satellite · smartphones · networking
McDonaldization
Society adopting fast-food principles
- westernizationAdopting Euro-American practices
- AmericanizationAdopting US cultural norms
- standardizationImplementing uniform technical specifications
monoculture · uniformity · conformity · Starbucks · consumerism · ethnocentrism
- British EconomyBank of England, pound sterling, sterling, GDP, budget deficit
- post-industrialservice economy, knowledge economy, deindustrialization, service sector, information age
globalisationisolationism
Policy avoiding foreign alliances
protectionism · deglobalisation · anti-globalisation · anti-globalism · economic nationalism
globalisationlocalization
Adapting for specific markets
parochialism · localism · provincialism · regionalism · tribalism
globalisationlocalization
Adapting for specific markets
regionalization · decentralization · fragmentation · balkanization · compartmentalization
globe, global, globalization, globally, globular, globalize, globalists, globose, globalised