Globalisation stands for?
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ECONOMICS MACROECONOMICS
Globalization
REVIEWED BY BEVERLY BIRD AND CAROL KOPP Updated May 9, 2019
What Is Globalization?
Globalization is the spread of products, technology, information, and jobs across national borders and cultures. In economic terms, it describes an interdependence of nations around the globe fostered through free trade.
On the upside, it can raise the standard of living in poor and less developed countries by providing job opportunity, modernization, and improved access to goods and services. On the downside, it can destroy job opportunities in more developed and high-wage countries as the production of goods moves across borders.
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globalisation means anything realated the whole world
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