Question

explain globalisation....for 5 marks

Answer 1

Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-beingin societies around the world.
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Answer 2

Hey,

GLOBALIZATION:-

-» Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment  and aided by information technology.

-» This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.

-» Economic globalization comprises: Globalization of production; which refers to the obtention of goods and services from a particular source from different locations around the globe to benefit from difference in cost and quality.

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