what is globalisation. what are the impact of globalisation
Answers
Answer:
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.
Impact of Globalization. Globalization creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world. Thus, businesses located in developing countries have more access to capital flows, technology, human capital, cheaper imports, and larger export markets.
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Globalization
Explanation:
- Globalization generates more numerous possibilities for firms in smaller industrialized nations to draw into larger and more open businesses throughout the globe.
- Thus, companies found in emerging nations have more passage to money flows, technology, human resources, lower imports, and higher trading businesses
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