Globalization refers to the process by which businesses, cultures, and economies become integrated and interconnected on a global scale. This phenomenon is driven by advancements in technology, communication, and transportation, facilitating the exchange of goods, services, information, and ideas across international borders. Globalization results in increased trade, investment, and cultural exchange, leading to greater interdependence among nations and societies.
It encompasses a wide range of activities, including the expansion of multinational corporations, the migration of people, and the diffusion of technology and cultural practices. While globalization can promote economic growth and access to a diverse array of products and services, it also raises concerns about cultural homogenization, environmental impacts, and the challenges faced by local economies and communities.
Overall, globalization is a complex and multifaceted process that affects various aspects of life around the world, transforming how people interact and engage with one another across distances.