Globalization is a synonym for neoliberal political economic policy of western capitalist countries
Globalization is a process of interaction and integration among the people, companies and
governments of different nations, a process driven by international trade and investment and
aided by information technology. This process has effect on the environment, on culture, on
political systems, on economic development and prosperity and on human physical well-being in
societies around the world.
“…a process of cross-cultural interaction, exchange, and transformation.”
-Vilashini cooppan“Globalization – the growing integration of economies and societies around
the world.”
-The world bank group“The process of making something worldwide in scope or application.”
-Calgary board of education“Globalization is what we in the Third World have for several centuries called
colonization.”
-Martin KhorRoland Robertson noted that the term globalization denotes both a compression of the world and
greater consciousness of the world as an entity.
The dominant form of globalization is neoliberal globalization.