Economy, asked by AryanJ252004, 17 days ago

give the meaning and important aspects of the process of globalization.​

Answers

Answered by riyaprajapati81
4

Answer:

Globalization is the process by which ideas, knowledge, information, goods and services spread around the world. ... The more countries and regions of the world become intertwined politically, culturally and economically, the more globalized the world becomes.

Explanation:

Cross-national connections are created in the economic, political, cultural, social, and environmental domains. Although these dimensions necessarily overlap, it is analytically useful to distinguish them.

Answered by sarahssynergy
5

The process of globalization can be defined as the opening up of the world economy.

Explanation:

  1. Globalization is the process of going global which simply means that trading in international markets is easier.
  2. Globalisation includes removal of unnecessary barriers and restrictions on intercountry trade.
  3. Globalisation also includes the support of local governments to multinational corporations and international businesses so that they can start their operations in the home country.  
  4. Globalization also includes the introduction of policies that motivate people to expand their operations and work with new authorities.
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