What Is Globalization?
“Globalization refers to the shift toward a more integrated and interdependent world economy” – Charles W.L Hill
“Globalization is a process of complex interactions between societies, cultures, institutions individuals world wide” – Tomlinson
Globalization is thought today as multidimensional phenomenon and understood mainly in terms of interconnectedness of nations and regions in in economic domain, in particular, trade and financial flows as well as it is seen as an economic parallel to internationalization in the form of the universal rule of market and production.
Globalization means a process of grater integration of national economies with the world economy.