Globalization is a process whereby economic, political, social, and cultural differences are lessened by greater interaction across national boundaries. reater international interaction in the past several decades has been due to a variety of factors that, on the whole, can be seen as eliminating the barriers of distance.
The current wave of globalization, occurring from the second half of the twentieth century to today, is considered to be the most extensive in history, though notable globalization has occurred during other periods. The speed and scope of this most recent wave of globalization has led to much debate about the effects of such rapid change. In its broadest sense the term “globalization” simply means the process of making anything more global, whether it be the worldwide availability of products such as Coca-Cola or the growth of international entities such as the World Trade Organization (WTO).