The meaning of "globalization" in everyday language
In fact, to understand globalization from the definition, it is better to start with the meaning of "globalization" in everyday language. If there is something that you can find in different parts of the world, we will say that it is very global.
E.g:
You can speak English everywhere in the world. We can speak English as a very global language.
You can find McDonald's everywhere in the world. We would say that McDonald's is a very global restaurant/food.
If you go all over the world, people will know Nike as a brand. We would say that Nike is a global brand.
When you go all over the world, people admire Beckham. We would say that Beckham is an icon of globalization.
There are many examples of globalization. When we say that it is becoming more and more global, it means that there are more and more people, things, and activities. More and more people and things of this kind are globalization. Take a look and you will understand:
There are more than 20,000 international standards around the world, unifying various product specifications and service standards in the world
More than 44,500 multinational companies with a total annual turnover of 7 trillion US dollars
More than 250 multilateral regulators
More than 16,500 cross-border civil organizations
Nearly 900 million phone lines
Nearly 2 billion radios
Over 1 billion TVs
Millions of credit cards issued
More than 1 billion air passengers each year
Annual foreign exchange transaction volume reaches 450 trillion US dollars
Annual cross-border fund investment is 60 trillion US dollars
In the past 50 years, the value of international trade has increased by more than 16 times
One of the most important implications of globalization is to break through geographical restrictions. It means that people and things can break through the limitations of time and space. No matter how far away things happen, they can be known instantly; they can all be acted to respond immediately, so that people and things can proceed and exist on a global basis.
In the same way, the world has become more and more globalized, which means that we have more and more opportunities to contact "global" people, things, organizations, and activities. So we say that the significance of globalization is that things in the distance will affect things in the local area, and local things will affect things in the distance.
Globalization is actually describing such a large process, during which many people, events, and activities have become "global". You may not actively participate in globalization consciously, but the people and events of globalization will naturally involve you.
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