Global Impact

Definition

Global impact refers to the significant influence or consequences of an event, idea, or development on a global scale. It implies effects that extend beyond national borders and directly or indirectly affect multiple regions or countries.

Related terms

World Trade Organization (WTO): An international organization promoting global trade by establishing rules, resolving disputes between nations regarding trade policies.

United Nations (UN): An international organization founded in 1945 to maintain peace and security among nations and promote cooperation in areas such as human rights and social progress.

Transnational Corporations: Large companies operating in multiple countries with business activities spanning international boundaries. They have a significant impact on global economies through their operations and influence.