Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide.
Globalization is a term used to describe how trade and technology have made the world into a more connected and interdependent place. Globalization also captures in its scope the economic and social changes that have come about as a result.
Globalisation is a process of increasing worldwide integration through the expansion of cross-border flows of goods, technology, information, and capital. It is driven by advances in technology, communication, trade agreements, and international collaboration.
Globalization: Definition Globalization refers to the interconnectedness and interdependence of economies, societies, cultures, and political systems worldwide, enabling rapid exchange of goods, services, information, technology, and money.
Globalization describes the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
Thus, globalization can be defined as the stretching of economic, political, and social relationships in space and time. A manufacturer assembling a product for a distant market, a country submitting to international law, and a language adopting a foreign loanword are all examples of globalization.
Most agree that globalization rests upon, or simply is, the growth in international exchange of goods, services, and capital, and the increasing levels of integration that characterize economic activity. In this sense, globalization, is only another word for internationalization.
The meaning of GLOBALIZATION is the act or process of globalizing : the state of being globalized; especially : the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets.
Globalization describes the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.