Akademik

n.

A worldwide, interconnected economy that ignores national boundaries.

"For several years now, 'globalization' has been the mantra for the expansion of international trade and foreign investment and the integration of markets. But we are now beginning to see a reality beyond globalization — the world of 'globality.' This is not so much a process as a condition, a world economy in which traditional and familiar boundaries are being surmounted or made irrelevant."

— Daniel Yergin, "The Age of 'Globality", Newsweek