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  1. What is globalization?
  2. We can define globalization in some different levels.
    1. Worldwide level.
    2. Country level.
    3. Industry level.
    4. Specific company level.
  3. Why is globalization important?
    1. Country and regional level.
    2. Industry drivers.
    3. Strategy drivers.
  4. Advantages of globalization.
    1. Economically.
    2. Culturally.
    3. Majority of international business.
    4. Global industries.
  5. Sources.

Globalization is the production and distribution of products and services of a homogeneous type and quality on a worldwide basis. ?Globalization is the activity whereby ?distinct? national economies are subsumed and re-articulated into the system by essentially international processes and transactions? Hirst and Thomson, 1992. Globalization means, in brief, making the whole world a small village. For some it is building up a "united universal empire." Another point of view takes this word to mean overcoming the old obstacles of nationality, demography and geography, and dealing universally without limiting boundaries. It also means the freedom of communication in all domains in the world. As for the source of this world movement, it is a part of our world, North America. In its universality, globalization depends on economy and media, using advanced technological networks that have expanded in the world without any objections or boundaries, languages or politics.

[...] - It can lead into cultural homogenization (?Global village?) - It make markets to converge - It leads to globalization of customers - Economies of scale and scope - Increase in levels of fixed costs - Globalization has lead to fundamental changes in industry structure (deregulation, privatization, technological change) - Globalization is characterized by cost drivers: Some drivers of globalization arise either from the country and regional structure, others from the economics of the industry or can be strategically determined by companies themselves. [...]

[...] After analyzing every definition of globalization and all of the terms related we can sum up that the term "globalization" has acquired considerable emotive force. So is Globalization good or bad? Some view it as a process that is beneficial and also inevitable and irreversible. Others regard it with hostility, believing that it increases inequality within and between nations, threatens employment and living standards and thwarts social progress. Globalization offers extensive opportunities for truly worldwide development but it is not progressing evenly. [...]

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