International Dimensions of Competition Law :

Globalization Globalization describes an ongoing process by which regional economies, societie

s, and cultures have become integrated through a globe-spanning network of commu
nication and trade. The term is sometimes used to refer specifically to the inte
gration of national economies into the international economy through trade, fore
ign direct investment, capital flows, migration, and the spread of technology. H
owever, globalization is usually recognized as being driven by a combination of
economic, technological, socio-cultural, political, and biological factors. The
term can also refer to the transnational circulation of ideas, languages, or pop
ular culture through acculturation.
People around the globe are more connected to
mation and money flow more quickly than ever.
part of the world are increasingly available
tional travel is more frequent. International
phenomenon has been titled "globalization."

each other than ever before. Infor

Goods and services produced in one
in all parts of the world. Interna
communication is commonplace. This