Definition of Globalization

Globalization (or globalisation) refers to the process or processes of international integration. Human Interaction over long distances, such as the overland Silk Road that connected Asia, Africa and Europe, existed thousands of years ago. In the 15th century, Europeans made important advances in exploring the World Ocean and locating the "New World" of the Americas. Global movement of people, goods, and ideas expanded significantly in the early 19th century with development of new forms of transportation (such as steamship and railroads) and telecommunications that seem to "compress" time and space. In the 20th century, road vehicles and airlines made transportation much faster. Electronic communications, most notably mobile phones and the Internet, connect billions of people in new ways.