GLOBALIZATION – process of interaction and integration among the people, companies

and governments of different nations, a process driven by international trade and

investment and aided by information technology.

GLOBALIZATION
- FRENCH ; MONDIALISATION
- GERMAN ; GLOBALISIERUNG
- FILIPINO ; GLOBALISASYON

THOMAS LARSON – is the process of world shrinking, of distance getting shorter and
things moving closer.

VILASHINI KOOPAN – is the process of cross cultural interaction

MARTIN KHOR – is a colonization

MANFRED STEGER – expansion of intensification of social relations.

GLOBALIZATION IN CONTEMPORARY WORLD – is the process in which the economies of

different countries around the world become increasingly assimilated over time.

TRANSNATIONAL – process that interconnects individual and social groups across

specific geo-political borders.

TRANSNATIONALITY – rise of new communities and formation of new social identities

and relations.

GLOBALITY – omnipresence of the process of globalization, signifies social condition.

GLOBALIZATION IN ECONOMIS – free trade

GLOBALIZATION IN BLENDING OF CULTURES – cultural intermingling

GLOBALIZATION IN TECHNOLOGY – communication tools

INTERNET the significant contributor of globalization.

INTERNALIZATION – process of designing products to meet the needs of users in many

countries to designing them so they can be easily modified to achieve this goal.
(CONNECT)

LIBERALIZATION – process of removing officially imposed restrictions on movements of

resources between countries in order to form an open and borderless world economy.
(OPEN/BORDERLESS)

WESTERNIZATION – the adoption of the practices and culture of western Europe by

societies and countries in other parts of the world. (WERSTERN/AMERICANIZATION)

UNIVERSALIZATION – spread of culture, trends, customs and practices around the world.
(STANDARDIZATION/HOMOGENEITY)

INTERNALIZATION – refers to the way in which a certain company or a market increases

its footprint or influence in the international market.

GLOBALIZATION – refers to the process in which the local markets and economies, on
the whole, connect with those in other countries, sharing universally accepted rules and
regulations.
ECONOMIC GLOBALIZATION – spread of trade, transportation and communication
systems on a global scale in the interest of promoting international commerce.

PROTECTIONISM – protecting one’s economy from foreign competition by creating

trade barriers.

TRADE LIBERALIZATION – reducing trade barriers to make international trade easier

between countries.

TRADE BARRIERS – required fees on imports/exports of goods.

FREE TRADE – without tariffs or taxes

TRADE BLOC – agreement made between government to reduce or eliminate trade

barriers.

OUTSOURCING – manufacturing jobs transfer from developed nations to developing

nation reduce the cost of products.

POLITICAL GLOBALIZATION – refers to the intensification and expansion of political

interrelations across the global.

FINANCIAL GLOBALIZATION – is an aggregate concept that refers to increasing global

linkages created through cross-border financial flows.

CULTURAL GLOBALIZATION – refers to interpenetration of cultures.

ENVIRONMENTAL GLOBALIZATION – involves an intensifying, deepening and expansion
of global networks leading to increasing global uniformity and connectedness in regular
environmental management practices.

MILITARY GLOBALIZATION – military power central to globalization

CRIMINAL GLOBALIZATION –poses severe challenges to national and global security.

GLOBAL CRIMES
 TRAFFICKING – moving drugs, people, and weapons across international borders
 CYBER CRIMES – such as phishing attacks, extortion and fraud.
 FINANCIAL CRIMES – such as tax evasion
 INTERNATIONAL TERRORISM.

MARKET INTEGRATION – refers to how easily two or more markets can trade with each
other. Foreign trade helps the integration of markets because it reduces barriers to
trade and increases fluidity between markets.

MARKET INTEGRATION
- HORIZONTAL INTEGRATION – occurs when a firm or agency gains control of other
firms performing similar marketing

- VERTICAL INTEGRATION – occurs when a firm performs more than one activity in
a sequence of the marketing process.

- CONGLOMERATION – combination of agencies and activities not directly related

to each other may be termed conglomeration when it operates under unified
management.
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