1. History of Globalization Theodore Levitt is the person who created the term “Globalization” He was a Harvard Business School professor. He invented term in Harvard Business School review in 1983 the article named as “Globalization of the Market.” Meaning of Globalization in Cambridge Dictionary – “The increase of trade around the world, especially by large companies producing and trading goods in many different countries.” Meaning of Globalization – “The process of interaction and integration among the people, companies and government of different nations, a process driven by international trade and investment and aided by information technology.” In simple words, Globalization refers to the increasingly global relationship of culture, people, and economic activity. It generally used to refer to economic globalization. The glob...
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