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• Globalization is a process in which isolated or localized phenomena expand to a worldwide scale. The term is commonly used to describe the economic or political growth of a country, company or other specific entity. Globalization can also describe a sociological process wherein local traditions or practices are rejected in favor of adopting international ones instead.

• Fast Facts

  1. Fairly recent academic concept
  2. First appeared in the Merriam-Webster dictionary in 1944University of Pennsylvania: A Quick Guide to the World History of Globalization
  3. Term used to describe economic, political and sociological growth
  4. Not always considered a positive process
  5. Supporters of globalization are called "globalists"
  6. Opponents of globalization are called "mundialists"

• Globalization Quotes

  "Globalizing a bad thing makes it worse. Business power is bad, so globalizing it is worse. But globalizing a good thing is usually good. Cooperation and sharing of knowledge are good, and when they happen globally, they are even better."ZNet: Free Software as a Social Movement (December 18, 2005)—Richard Stallman

  "We must ensure that the global market is embedded in broadly shared values and practices that reflect global social needs, and that all the world's people share the benefits of globalization."ThinkExist: Kofi Annan quotes—Kofi Annan

• Related Mahalo Pages

  Climate Change | Internet | Food Inflation | Microfinance | Outsourcing | World Economic Forum

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