Globalization
Growing cross-border flows of goods, capital, people, and ideas, changing economies, politics, and cultures.
Interpretations
- Market Integration: Efficiency and innovation through larger, connected markets.
- Equity Concerns: Winners and losers require policy cushions and fairness.
- Sovereignty Skeptic: Warns of reduced local control and cultural homogenization.
Examples
A simple, concrete illustration to make it click.
- Everyday: Buying a product online shipped from another country or working with a remote team across time zones.
- Policy: A trade agreement lowers tariffs while funding worker‑retraining and supply‑chain resilience programs.