what is globalization
Answers
Answer:
Golabalization is the increase of people on the earth. It cause shortage of food,shelter,drinking water,etc.
Explanation:
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Answer:
• Globalization, or globalisation, is the process of interaction and integration among people, companies, and governments worldwide. Globalization has accelerated since the 18th century due to advances in transportation and communication technology.
• Globalization, according to sociologists, is an ongoing process that involves interconnected changes in the economic, cultural, social, and political spheres of society. As a process, it involves the ever-increasing integration of these aspects between nations, regions, communities, and even seemingly isolated places.
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Characteristics of globalisation :
• Greater trade in goods and services both between nations and within regions.
• An increase in transfers of capital including the expansion of foreign direct investment (FDI) by trans-national companies (TNCs) and the rising influence of sovereign wealth funds
Economic benefits:
Globalization aims to benefit individual economies around the world by making markets more efficient, increasing competition, limiting military conflicts, and spreading wealth more equally.
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