Globalization

Daniel Senft ()

Chapter 1 in International Sourcing, 2014, pp 1-5 from Springer

Abstract: Abstract Due to many years of booming international trade, innovative technologies, specialization, and the desire for a growing productivity, as well as for new kinds of added value, division of labor and multinational companies, long distances between countries and continents seem shorter, and the world seems smaller and smaller. This phenomenon is called globalization, which describes the process of strengthened, closer, and stronger worldwide connections in domains such as politics, economy, communication, culture, and environment. The worldwide financial market crisis in 2009 is striking evidence that, seen from the economical aspect, most countries are not confined to their geographical borders and – considered from the point of view of globalization – are involved in international relations.

Keywords: World Trade Organization; Multinational Company; North American Free Trade Agreement; Trading Bloc; Geographical Border (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-02780-3_1

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DOI: 10.1007/978-3-658-02780-3_1

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