what is globalization in brief
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Answer:
It refers to the increasing integration of economies around the world, particularly through the movement of goods, services, and capital across borders. The term sometimes also refers to the movement of people (labor) and knowledge (technology) across international borders.
Explanation:
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Answer:
Globalization is the unrestricted, seamless, and integrated movement of people, products, and services throughout the globe. The opening up of the world economy and the resulting rise in international commerce may be seen as the causes of globalisation.
Explanation:
The term "globalisation" refers to the increasing interconnectedness of the economies, cultures, and populations throughout the world as a result of technology, cross-border commerce in products and services, and movements of capital, labour, and information. Over many years, nations have created economic alliances to support these movements.
The contact and integration of people, businesses, and governments around the globe are known as globalisation (Commonwealth English; see spelling variations). The term "globalisation" first appeared in the early 20th century (replacing the earlier French term "mondialisation"), took on its current meaning sometime in the second half of the century, and first gained widespread usage in the 1990s to describe the unprecedented global connectivity of the post-Cold War world. Due to advancements in communications and transportation technologies, it may be traced back to the 18th and 19th centuries at its inception.
The expansion of international trade and the sharing of ideas, beliefs, and cultures are both results of the increase in global relationships. The main function of globalisation is an economic process of connection and integration that has social and cultural components. However, the history of globalisation and contemporary globalisation both include significant amounts of disagreements and international diplomacy.
Globalization affects the economy in terms of commodities, services, information, technology, and financial resources.
The opening up of international marketplaces has a liberating effect on trade in products and money. The possibility of creating global marketplaces has increased with the removal of trade obstacles. The development of telecommunications infrastructures, such as the telegraph, Internet, mobile phones, and smartphones, as well as advancements in transportation, such as the steam locomotive, steamship, jet engine, and container ships, have been major contributors to globalisation and have led to increased interdependence of economic and cultural activities around the world.
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