Globalization

Globalization

1. Is a form of cultural integration that is usually defined in terms of economics but also encompasses cultural, biological, and political homogenization on a global scale.

   • Developing countries: Those countries classified by the World Bank as low- or middle-income nations.
     • - Multilateral: A system involving the participation of more than two countries.
   • E-Commerce: Commerce and economic transactions that take place electronically
     • - Mercantilism: An economic theory that holds that a nation’s prosperity is based on its supply of capital
       • - Multinational Corporation: A corporation that conducts business in more than one nation.
   • The globalization can be divided in different sectors, these can define in some aspects the meaning of globalization in a simple way