explain the concept of globalisation in 5-6 lines
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Globalization or globalisation is the process of interaction and integration between people, companies, and governments worldwide. Globalization has grown due to advances in transportation and communicationtechnology. With increased global interactions comes the growth of international trade, ideas, and culture. Globalization is primarily an economic process of interaction and integration that's associated with social and cultural aspects.
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The world wide movement towards economic, financial,trade, and communication integration. Globalisation implies the opening of local and nationalistic to a broader outlook of an interconnected and independent world with free transfer of capital goods and services across national frontiers.
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