Globalization
/ˌɡloʊbəlaɪˈzeɪʃən/
Definitions
- (n.) The process by which businesses, cultures, or economies become integrated and operate on a worldwide scale.
Globalization has led to increased trade and cultural exchange among nations.
- (n.) Legal or regulatory convergence and harmonization across different jurisdictions.
Globalization influences the harmonization of international trade laws.
Commentary
In legal contexts, globalization often encompasses regulatory and jurisdictional harmonization, which may require precise drafting to address cross-border implications.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.