GLOBALIZATION

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1. GLOBALIZATION Is the process through which an increasingly free flow

of ideas, people, goods, services, technology and capital
leads to the integration of economies and societies.

2. The Globalization In a published book, "Understanding Globalization: The

System Lexus and the Olive Tree", by an internationally acclaimed
and journalist Thomas Friedman.

Globalization is also characterized by a single word: Web

Globalization is a rapid acceleration of the movement of

people from rural areas and agricultural lifestyles to urban
areas and urban lifestyles more intimately linked with glob-
al fashion, food, markets, and entertainment trends.

3. Klaus Schwab of Said, " We have moved from a world where the big eats the
the Davos World small to a world where the fast eats the slow".
Economic Forum

4. Klaus Schwab Founder of World Economic Forum in 2009 indisputably

most powerful connector in the world; his annual forum in
Davos, Switzerland.

German engineer and economist.

5. Balances in Glob- Traditional balance between nation-states (balance of pow-

alization er among nation-states)

Balance between nation-states and global markets

Balance between individuals and nation-states

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