![]() ![]() He visualized the world as a global village, empowered by electric technology and the instantaneous movement of information He pointed out the role of electronic media to create unified communities. The term global village was popularised by Marshall McLuhan, in his books The Gutenberg Galaxy: The Making of Typographic Man (1962). It is designed by the Swiss Federal Institute of Technology on a yearly basis. The KOF index measures three main dimensions of globalization: Economic, political and social, and nations are ranked accordingly. Nations are ranked according to a calculated globalization index. The AT Kearney Foreign Policy index measures twelve variables, which are subdivided into four “baskets”: economic integration, personal contact, technological connectivity and political engagement. It is a process that erodes national boundaries, integrates national economies, culture, technologies and governance, and produces complex relations of mutual interdependence “The growing interdependence of countries worldwide through the increasing volume and variety of cross border transactions in goods and services and of international capital flows, and through the more rapid and widespread diffusion of technology” (source: IMF). Global Interaction: Concept and definitions Terms Environmental risks of economic development.Youthful and Elderly Population: Case Study.Environmental risks of global interaction.Branded commodities and cultural hybridity.Political Factors Affecting Global Interactions.Introduction: Business Geography and Globalization. ![]()
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