DemocracyBy definition means the government by people. This means that all the people should be able to have their say in one way or another in everything that affects their lives. Dictionaries usually say that this right can either be exercised directly (by every member of a community having the possibility to enter personally his position on a particular issue into the decision making process- modern technology is able to provide this possibility for increasingly larger and larger communities), or through representatives (members of legislative bodies)- Representative Democracy. Definition by: http://www.whatisdemocracy.net/ (edited) |
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Globalization
Globalization is the worldwide movement towards economic, financial, trade and communications integration. Globalization implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital, goods and services across national frontiers. However, it does not include unhindered movement of labor and it may hurt smaller or fragile economies if applied indiscriminately. Read more: http://www.businessdictionary.com/definition/globalization.html#ixzz2HxEHDIyj (edited)