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Globalization
The increasing interconnectedness of economies, cultures, and societies across the world
Global core
The most economically developed and influenced regions (USA, EU)
Global periphery
Less economically developed regions that are often dependent on core countries
Semi-periphery
Countries that are between the core and periphery, experiencing industrialization and economic growth (China, India, Brazil)
KOF Globalization Index
A measure of globalization based on economic, social, and political factors
Ernst and Young Globalization Index
A measure of globalization, focusing on trade, capital flows, technology, labor and culture
Shrinking world
The perception that the world is becoming smaller due to improvements in transport and communication
Global hub
A city or region that is highly connected and influential in global networks
Global supply chain
The worldwide network of production, distribution, and consumption of goods and services