Globalisation short note
Answers
Answer:
the process by which businesses or other organizations develop international influence or start operating on an international scale.
Explanation:
Globalization or globalisation is the process of interaction and integration among people, companies, and governments worldwide. As a complex and multifaceted phenomenon, globalization is considered by some as a form of capitalist expansion which entails the integration of local and national economies into a global, unregulated market economy. Globalization has grown due to advances in transportation and communication technology.With the 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. However, conflicts and diplomacy are also large parts of the history of globalization, and modern globalization.
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Globalization refers to unification of domestic economy with world economy.
Globalization is such a process through which national economies expand out of their political boundaries.
Globalization increases economic openness and economic dependence between countries
Free flow of products and services
Free flow of capital and consolidated financial market
Free flow of labour, free flow of technology and spread knowledge between various nations included in various dimensions of globalization.
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