Why was globallisation so essential?
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Explanation:
Globalization is the process of communication and unification between individuals, corporations, and governments around the world. It also results in economic globalization, depicting as to how countries come together as a major global economy to promote international trade.
Globalization is essential as it is about interconnecting citizens and businesses around the world, contributing to global cultural, political and economic integration. It is the ability to move around the globe and interact freely with others to conduct business globally. The doreign direct investment (FDI) also tends to rise at a much higher rate than global trade growth, helping to boost technology transfer, and an industrial restructuring.