GERMAN MEMBERS: Florian W.; Niko S.; Johannes G.
AMERICAN MEMBERS:Cynthia Rits; Marisa Daniels; Kody Trinnier; Winnie Wu
My own definition:Globalization is a worldwide connection between multinational companys. They are linked together by communication and free market.Wikipedia definiton:Globalization in its literal sense is the process of transformation of local or regional phenomena into global ones. It can be described as a process by which the people of the world are unified into a single society and function together.This process is a combination of economic, technological, sociocultural and political forces. Globalization is often used to refer to economic globalization, that is, integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology.http://en.wikipedia.org/wiki/Globalization
I agree with Niko's point. I think there is nothing to add.
I agree, too.
I agree as well.
Dictionary's definition: The tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe, thereby increasing the interconnectedness of different markets. http://dictionary.reference.com/browse/globalization I agree with Niko's definition
I agree with the above agreements and definitions. There isn't much else to add as it's already been covered pretty well.