Ohne Titel

Globalization

Cultural

Economic

Cultural globalization refers to the transmission of ideas, meanings and values ​​around the world in such a way that social relations are extended and intensified. This process is marked by the common consumption of cultures that have been disseminated through the Internet, popular cultural media and international travel. The creation and expansion of social stories is not simply observed at the material level.

Economic globalization refers to the increasing interdependence of world

economies as a result of the growing scale of cross-border trade of commodities and

services, flow of international capital and wide and rapid spread of technologies. It reflects the continuing expansion and mutual integration of market frontiers. The

rapid growing significance of information in all types of productive activities and

marketization are the two major driving forces for economic globalization.