Article: Globalization

Globalization


Globalization refers to the growing interconnectedness in economic, cultural, and political life. The use of the term has increased since the 1980s to reflect the greater ease with which people, products, information, and images move across space and, consequently, the ability of events in one part of the world to more easily affect circumstances in others. Globalization is also linked to the remarkable ascendancy of free-market philosophy and practice worldwide. The nature and extent of these changes is the subject of extensive debate. Central questions surrounding globalization are whether the nation-state can maintain its position as the principal institution of ...

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