key term - Globalization

Definition

Globalization refers to the increasing interconnectedness and interdependence of countries through economic, political, cultural, and technological exchanges. It involves the flow of goods, services, ideas, information, and people across national boundaries.

Related terms

Cultural Hybridity: The blending or mixing of different cultural elements resulting from globalization's impact on local traditions.

Transnational Corporations (TNCs): Large companies operating in multiple countries that play a significant role in global trade and investment.

Digital Divide: The gap between those who have access to digital technologies and those who do not, creating disparities in information access and opportunities.