Question

What is the meaning of globalisation?

Answer 1

Globalization refers to the increasing integration of markets and production,to include the mobility of resources ( capital, labour, organization and knowledge.)

Answer 2

Globalization (or globalisation) is the process of international integration arising from the interchange of world views, products, ideas and mutual sharing, and other aspects of culture.[1][2] Advances in transportation, such as the steam locomotive, steamship, jet engine, container ships, and in telecommunications infrastructure, including the rise of the telegraph and its modern offspring, the Internet, and mobile phones, have been major factors in globalization, generating further interdependence of economic and cultural activities.[3][4][5] Though scholars place the origins of globalization in modern times, others trace its history long before the European Age of Discovery and voyages to the New World. Some even trace the origins to the third millennium BCE.[6][7]Large-scale globalization began in the 19th century.[8] In the late 19th century and early 20th century, the connectivity of the world's economies and culturesgrew very quickly.