Globalization
Over the last fifty years, world GDP has increased by about five times, while trade has increased tenfold over the same period. These data suggests that the intensity of the commercial exchange between countries has developed faster than the overall economy. However, globalization has gone beyond the exchange of physical commodities and it is progressively modelling also the lifestyles and consumption patterns of individuals and societies. The Swiss think-tank KOF has developed a number of globalization indicators that show the increasing development of global individual, social and commercial networks.
Read more about this topic: Contemporary Society