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Globalization and ecommerce

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What is meant by globalization and how can this concept be used in an eCommerce context? Is this use consistent with supporters or critics of WTO?

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Solution Summary

What is meant by globalization and how can this concept be used in an eCommerce context is determined. The expert determines if this is use consistent with supporters or critics of WTO.

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Globalization refers to the worldwide phenomenon of technological, economic, political and cultural exchanges, brought about by modern communication, transportation and legal infrastructure as well as the political choice to consciously open cross-border links in international trade and finance. It is a term used to describe how human beings are becoming more intertwined with each other around the world economically, politically, and culturally.

The International Monetary Fund (IMF) defines globalization as "the growing economic interdependence of countries worldwide through increasing ...

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Sandeep Bardia, MBA
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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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