What is Globalisation

Globalization is primarily an economic process of interaction and integration that's associated with social and cultural aspects.

The process of international integration arising from the interchange of world views, products, ideas and other aspects of culture.

Globalisation is a process involving the increasing interconnectedness and interdependence of markets, firms, and cultures around the world. In the business context, globalisation refers to the expansion of a company's business operations internationally. This may involve selling products or services in foreign markets, investing in foreign operations, or acquiring companies in other countries. Globalisation often brings challenges and opportunities related to managing cultural diversity, adapting to different market conditions, and competing in a global environment ( Robbins & Coulter, 2018 ).

It means opening up of the doors of the domestic boundaries to the world economic and political environments by relaxing the internal restrictions which were imposed before.

Describes the growing interconnectedness of the world socially, politically and economically. It has also been claimed that globalisation also involves the denationalisation of institutions, customs, and beliefs.

A concept which describes and accounts for increasing global interdependence in terms of economics, society and culture through flows and exchanges in technology, goods and services, investment, information and people.

The process when organisations start operating on an international scale.

An era characterised by intense interconnectivity and interdependence in almost all spheres of life.

The process of purchasing on the worldwide market that has been promoted by the United Nations World Trade Organisation (WTO) and its predecessor, the General Agreement on Tariffs and Trades (GATT).

The processes facilitated by technological advances around the world that enable social, cultural, economic and political changes for, and greater interconnection between, states and their publics.

This is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. It is the process of interaction or integration among people, companies and governments of the world.

The altering or disregarding of national borders and economic systems to form one global economy. This global economic integration of many national economies includes free trade and free capital mobility as well as easy or uncontrolled migration ( Teichler, 2009 ).

The process when organisations start operating on an international scale.

Globalisation is a process by which the impact of geographical constraints on cultural and social formations is diminished. Economic globalisation, which has arisen due to factors such as changing patterns of world trade and international mobility, is linked to the emergence of a seemingly universal ideology emphasising the need for flexible responsiveness to global markets.

Globalisation is the interactive coevolution of cultural, technological, social, economic, and environmental trends, considering all possible spatio-temporal dimensions. Moreover, from a managerial point of view, it is the process by which businesses or other organisations build their international power or initiate operating on an international level.

The OECD (2007) defined globalisation from an economic perspective: “The term globalisation is generally used to describe an increasing internationalisation of markets for goods and services, the means of production, financial systems, competition, corporations, technology and industries”. Whereas Clark and Knowles (2003) included a broader view in their definition: “The process by which economic, political, cultural, social, and other relevant systems of nations are integrating into World Systems is called globalisation.” It seems that when analysing the internationalisation of many service companies, especially in network industries such as the telecommunications industry, it is necessary to include this broader perspective of globalisation into the conceptual framework, as often political and cultural systems play a significant role in the internationalisation of services

In the context of education, the term globalisation encompasses the activities of education providers in extending their service delivery to other countries, which may include hosting international students as well as encouraging domestic students to study in other countries. Globalisation may also encompass the expansion of course curricula to incorporate issues of global significance and the development of intercultural competencies.

The process by which the world is assuming a new level of interconnection largely because of trade, technological advancement and cultural exchange.

The multidimensional changes in global economic, social and natural systems resulting from greater and more immediate human and corporate interactivity and interconnectedness.

An era characterised by intense interconnectivity and interdependence in almost all spheres of life.

Process of interconnectedness and interdependence at the global level, which affects economic, social and cultural aspects.

The process of international integration of economies, societies and cultures.

Is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange.

The integration of economies, industries, markets, cultures, and policies around the world.

It refers to the process of interconnecting the various organisations on a global level.

It is the process of interaction and integration among institutions worldwide to promote an exchange of knowledge, economy, and information.

A state of international trade, investment, and financial and human flows, increasingly joined by ever more regions, countries, and companies, as well as products, services, technologies, knowledge, information.

An increasing internationalisation of markets for goods and services, the means of production, financial systems, competition, corporations, technology, and industries.