what's the meaning of globalization Related: Globalization & Its Impa...
Globalization is the spread of products, technology, information, and jobs across national borders and cultures. In economic terms, it describes an interdependence of nations around the globe fostered through free trade.
what's the meaning of globalization Related: Globalization & Its Impa...
Globalization is the process of increasing interconnectedness and interdependence among countries through the exchange of goods, services, information, and ideas. It involves the integration of economies, cultures, societies, and politics on a global scale. Globalization is driven by advancements in technology, communication, transportation, and trade, allowing for increased mobility of people, capital, and resources across borders. It has resulted in the expansion of multinational corporations, the growth of global supply chains, the spread of international trade, and the development of a globalized culture. However, globalization has also led to both opportunities and challenges, such as increased economic growth, access to new markets, cultural diffusion, and greater intercultural understanding, as well as negative effects like economic inequality, environmental degradation, loss of cultural diversity, and exploitation of labor.