GlobalizationProcess by which different parts of the globe become interconnected by economic, social, cultural, and political means. Globalization has become increasingly rapid since the 1970s and 1980s as a result of developments in technology, communications, and trade liberalization. In politics, a big buzzword in political speech and a ubiquitous analytical category in academic debate; globalization operates today rather like modernization did in the mid-twentieth century as the key term of a master discourse about the general state of the world. The most common political version of the discourse depicts globalization as an unstoppable process of global integration, a supposedly inevitable process that while being driven by free market capitalism also necessitates all the free market reforms of neo-liberalism.