globalisation

Definitions

General English

Banking

  • noun the process of making something international or worldwide, especially the process of expanding business interests, operations, and strategies to countries all over the world

Economics

  • noun the tendency of more multinational corporations to develop as tariff barriers are reduced. Globalisation is due to technological developments which make global communications possible, political developments such as the fall of communism and developments in transportation which make travelling faster and more frequent. It can benefit companies by opening up new markets, giving access to new raw materials and investment opportunities and enabling them to take advantage of lower operating costs in other countries.

Food

  • noun the development of a similar culture and economy across the whole world as a result of technological advances in communications

Media Studies

  • noun the process of making things (access to technology, cultural and media products etc.) available on a global scale
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