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Globalization

In: International Sourcing

Author

Listed:
  • Daniel Senft

Abstract

Due to many years of booming international trade, innovative technologies, specialization, and the desire for a growing productivity, as well as for new kinds of added value, division of labor and multinational companies, long distances between countries and continents seem shorter, and the world seems smaller and smaller. This phenomenon is called globalization, which describes the process of strengthened, closer, and stronger worldwide connections in domains such as politics, economy, communication, culture, and environment. The worldwide financial market crisis in 2009 is striking evidence that, seen from the economical aspect, most countries are not confined to their geographical borders and – considered from the point of view of globalization – are involved in international relations.

Suggested Citation

  • Daniel Senft, 2014. "Globalization," Springer Books, in: International Sourcing, edition 127, chapter 1, pages 1-5, Springer.
    • Handle: RePEc:spr:sprchp:978-3-658-02780-3_1
    DOI: 10.1007/978-3-658-02780-3_1
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