define globalization?
Answers
Answer:
the process by which businesses or other organizations develop international influence or start operating on an international scale.
Explanation:
Hope it helps you
Globalization is the process by which ideas, goods and services spread throughout the world. In business, the term is often used in an economic context to describe an integrated economy marked by free trade, the free flow of capital and corporate use of foreign labor markets to maximize returns and benefit the common good.
How globalization works
Globalization is driven by the convergence of political, cultural and economic systems that ultimately promote -- and often necessitate -- increased interaction, integration and dependency amongst nations.
The more that disparate regions of the world become intertwined politically, culturally and economically, the more globalized the world becomes.
These international interactions and dependencies are enabled and accelerated by advances in technology, especially in transportation and telecommunications. In general, money, technology, materials and even people flow more swiftly across national boundaries today than they ever have in the past. The flow of knowledge, ideas and cultures is expediated through internet communications.