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Globalization

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Definition Edit

Globalization is

the integration of people, companies, and governments of different nations, driven by international trade and investment and aided by information technology.[1]

Overview Edit

Globalization describes an ongoing process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of communication and trade. Globalization in all its forms has made the world more interconnected both through technology, travel and migration and through the global trade in goods, services and capital.

The term is sometimes used to refer specifically to economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology. However, globalization is usually recognized as being driven by a combination of economic, technological, sociocultural, political, and biological factors. The term can also refer to the transnational circulation of ideas, languages, or popular culture through acculturation.

Telecommunications Edit

Globalization "is engaging a much richer spectrum of countries as interdependent producer-partners supply the products and services needed to fuel economic growth. Among the most important enabler of this global economic growth is the communications network, which the owners and operators of the Public Network (PN) supply and maintain. This internationally connected global communications infrastructure — a grid of voice, video, and data services, devices, and networks — is fueling the rapid growth of international products and services."[2]

References Edit

  1. NSTAC Report to the President on International Communications, at ES-1 n.1.
  2. Id. at ES-1.


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