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2-kurs TAA majmua.2023-2024 TALABALAR UCHUN

Economic globalization.
Here, the focus is on the integration of international financial 
markets and the coordination of financial exchange. Free trade agreements, such the North 
American Free Trade Agreement and the Trans-Pacific Partnership are examples of 
economic globalization. 
Multinational corporations
, which operate in two or more countries, 
play a large role in economic globalization. 
2.
Political globalization.
This type covers the national policies that bring countries together 
politically, economically and culturally. Organizations such as NATO and the UN are part of 
the political globalization effort. 


3.
Cultural globalization. 
This aspect of globalization focuses in a large part on the 
technological and societal factors that are causing cultures to converge. These include 
increased ease of communication, the pervasiveness of 
social media
 and access to faster and 
better transportation. 
These three types influence one another. For example, liberalized national trade policies drive 
economic globalization. Political policies also affect cultural globalization, enabling people to 
communicate and move around the globe more freely. Economic globalization also affects 
cultural globalization through the import of goods and services that expose people to other 
cultures. 
Activity 1. Globalisation Vocabulary. Matching the definition of the words
Word
Definition 
globalisation 

globalization (noun)
 
a company that operates in a number of different countries.
race to the bottom (noun)
 
working from home or remotely using the internet, email or 
telephone.
manufacturing (noun)
 
describes two or more people or things that depend on, or are 
affected by, each other. 
telecommuting (noun)
 
a competition between people, companies or countries in which 
standards are sacrificed to obtain a competitive advantage, usually 
wages, working conditions or product quality

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