MANAGEMENT

Detailed explanation-1: -Global communication is directly affected by the process of globalization, and helps to increase business opportunities, remove cultural barriers and develop a global village. Both globalization and global communication have changed the environmental, cultural, political and economic elements of the world.

Detailed explanation-2: -Globalization, or globalisation as it is known in some parts of the world, is driven by the convergence of cultural and economic systems. This convergence promotes–and in some cases necessitates–increased interaction, integration and interdependence among nations.

Detailed explanation-3: -Trade and globalisation influence our economic cycles, impact our labour markets, and broaden the spectrum of consumer choice. International trade is also a central driving force behind globalisation, a process of integration among countries and people.

Detailed explanation-4: -Globalization has benefits that cover many different areas. It reciprocally developed economies all over the world and increased cultural exchanges. It also allowed financial exchanges between companies, changing the paradigm of work. Many people are nowadays citizens of the world.