_______ is the process of rapid integration between countriesa)Investm...
Globalization is the process of rapid integration or interconnection between countries.
_______ is the process of rapid integration between countriesa)Investm...
Globalization
Globalization is the process of rapid integration and interconnection between countries and economies worldwide. It involves the exchange of goods, services, technology, information, and culture on a global scale, leading to increased interconnectedness and interdependence among nations.
Key Points:
- Globalization allows for the free flow of goods, services, capital, and labor across borders, leading to increased trade and investment opportunities.
- It facilitates the spread of technology and innovation, enabling countries to benefit from advancements made elsewhere.
- Globalization also promotes cultural exchange and understanding, as people from different parts of the world come into contact with each other more frequently.
- While globalization has led to economic growth and development in many countries, it has also raised concerns about inequality, environmental degradation, and loss of cultural identity.
- The process of globalization is driven by advancements in technology, transportation, communication, and international trade agreements.
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