Question

what do you understand by globalisation?​

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. ... Likewise, for centuries, people and corporations have invested in enterprises in other countries.

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Answer 2

heya mate!!

here is ur answer ⏬⏬

Globalisation refers to the process of integration between countries such that there is a greater flow of goods, services, capital and labour among them. This process is making world into "one big village".

This process has had following impact:

• Greater coordination and cooperation at international level.

• Emergence of institution like WTO (World trade organisation) for facilitating trade led relation among countries.

• Separation of the process of production, where in a company can have R&D, Manufacturing unit and distribution zone, being located all separately in different location.