ABSTRACT
Globalization: meaning and examples e term globalization commonly refers to the fact that organizations, institutions and individuals increasingly function on a worldwide level little inhibited by distance or even national boundaries. Science, technology, ideas and fashions spread quickly from their sources to other parts of the world. Multinational corporations source raw material in one country, produce in another, are managed in a third and market almost everywhere. Political events in one place can influence almost immediately what happens on the other side of the world. All of this has been made possible by advances in transportation and communication, most recently such developments as satellite communication and the internet. In a sense globalization is not new. e term is sometimes used for the spread of the European-based political and economic system around the globe in the nineteenth and twentieth centuries, and before that
there is a history that goes back, presumably, to the invention of the wheel. But the last few decades have witnessed what seems like a quantum leap. Today we can more literally speak of a global society than ever before.
