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INTRODUCTION
As more nations, people, and cultures adapt to the ever-changing international community, diplomats, politicians, and representatives must meet and deal with accordingly to the needs and wants of nations. Diplomacy can be exerted in many forms; through peace talks, written constitutions, field experiences, etc. Culture is a familiar term and remains unchanged by definition. However, globalization and international relations have constantly altered cultures both positively and negatively.
Globalization increases worldwide technology, and the readability of fast, effective communication and consumption of popular products. Globalization links cultures and international relations on a variety of levels; economics, politics, society, etc.
International relations have used globalization to reach its goal: of understanding cultures. International relations focus on how countries, people and organizations interact and globalization is making a profound effect on International relations.
Understanding culture, globalization, and international relations are critical for the future of not only governments, people, and businesses, but for the survival of the human race. In today’s increasingly interdependent and turbulent world, many of the leading issues in the news concern international affairs. Whether it is the continuing impact of globalization,
Globalization – The process of continuing integration of the countries in the world – is strongly underway in all parts of the globe. It is a complex interconnection between capitalism and democracy, which involves positive and negative features, that both empowers and disempowers individuals and groups.
Globalization is a popular term used by governments, businesses, academics and a range of diverse non-governmental organizations. It also, however, signifies a new paradigm within world politics and economic relations. While national governments for many years dictated the international political and economic scene, international organizations such as the World Bank, International Monetary Fund and the World Trade Organization have now become significant role players. In this “Global Village” national governments have lost some of their importance and perhaps their powers in favour of these major international organizations.
As a process of interaction and integration among people, companies and governments of different nations Globalization is a process driven by International Trade and Investment and aided by Information technology. This process on the environment on culture, on political system, economic development and prosperity, and human physical well-being in societies around the world.
TRADE INDICATORS DASHBOARD
Glossary of Trade Indicators
Imports of goods and services (current US$): Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.
Exports of goods and services (current US$): Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.
Note: Microstates and islands those account for less than 1 per cent of the world population were excluded from the analysis.
Growth of GDP and Trade (1945 to 2014)
Further Readings
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