Globalization: Definition and Key Concepts
Globalization refers to the growing global network of trade, communication, and cultural exchange. It involves the worldwide movement of goods, money, and workers, contributing to economic growth and social interaction.
Definition: Globalization is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture.
Key aspects of globalization include:
- Global trade and economic expansion
- Cultural exchange and communication
- Impact on climate change and global warming
- Influence on migration patterns
Highlight: Globalization can have both positive and negative effects on countries and their economies.
Vocabulary:
- Interdependence: The mutual reliance between two or more groups, especially nations or other entities with international trade relationships.
- Outsourcing: The practice of obtaining goods or services from an outside or foreign supplier, especially in place of an internal source.
The document provides a comprehensive vocabulary list in both English and German, covering terms related to globalization, such as child labor, debt relief, developing countries, and environmental commitment/damage.
Example: An example of globalization's impact is the outsourcing of production to developing countries, which can lead to economic growth but also raise concerns about working conditions and environmental damage.