Notions
Globalization : « 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
Gross domestic product (GDP) : the value of all final goods and services produced within a nation in a given year. The measure is easy to compute and gives a precise measure of the value of output.
Cultural imperialism : the practice of promoting the culture or language of one nation in another. It is usually the case that the former is a large , economically or military powerful nation and the latter is a smaller, less affluent one.
Time-space convergence : the reduction in the time taken to travel between two places due to improvements in transportation or communication technology.
TNC (Transnational corporation) : a firm that owns or controls productive operations in more than one country through foreign direct investment.