What is the goblization ?

Answers (1)

Globalization is the process of moving people and goods across borders and cultures. Basically, it is an economic concept which is also known as the Integration of markets, trade, and investments with few barriers to slow the flow between products and services. Globalization helps to start or operate the business on an international scale. It helps to maintain international relationships. Corporations in developed countries help us to gain a competitive edge with the help of globalization. Globalization is important for every nation because it helps to empower the forces which are affecting the modern world. So that it can be difficult to make sense of the world without understanding globalization. Globalization helps to increase the world interconnection with others because there are such factors like air travel, sea shipping, International trade or any international agreements, etc due to which it is connected with other countries. Globalization is associated with trends such as outsourcing, free trade, and international supply chains. 

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