Globalization

On the web, I found this definition of globalization (I consider it the best one from those I read) it is from
http://mindtools.net/GlobCourse/gdef.shtml
hope you like it :D

Globalization is the closer integration of the countries and peoples of the world ...brought about by the enormous reduction of costs of transportation and communication, and the breaking down of artificial barriers to the flows of goods, services, capital, knowledge, and people across borders.

Mindtools.net, Stiglitz, Joseph, February - 07 - 2004, January - 19 - 2011, http://mindtools.net/GlobCourse/gdef.shtml