BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.

Detailed explanation-2: -Economic interdependence creates a global market where goods, products, and jobs can flow freely across borders. This increased cross-border interaction promotes international relations and an efficient trading system among economies.

Detailed explanation-3: -Globalization may be defined as “the growing economic interdependence of countries worldwide through increasing volume and variety of cross border transactions in goods and services and the international capital flows and also through the more rapid and widespread diffusion of technology.

Detailed explanation-4: -One by-product of economic interdependence is globalization. This is where each nation and their economies are dependent on other nations for products and goods. For example, the United States today depends on China to provide it with many goods.

Detailed explanation-5: -Economic globalization refers to the mobility of people, capital, technology, goods and services internationally. It is also about how integrated countries are in the global economy. It refers to how interdependent different countries and regions have become across the world.