Foreign direct investment is the investment by a company into the structures, equipment, or organizations of a foreign country. It does not include investment in shares of companies of other countries.
Globalization refers to the process by which businesses or other organizations develop international influence or start operating on an international scale.
Global village is the idea that the world had been transformant into a “village” by the almost instantaneous transmission of information, facilitated by improvements in ICT.
Offshoring is the process by which firms move production overseas.
Outsourcing is when a firm obtain inputs such as skills and services from separately owned suppliers instead of sourcing them internally.
A superpower is a nation or group of nations with a leading position in international politics.
Economic globalization is largely caused by the growth of transnational corporations.
Social globalization is the impact of western culture, art, media, sport and leisure pursuits on the world.