MANAGEMENT

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 globalization refers to the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, flow of international capital and wide and rapid spread of technologies.

Detailed explanation-3: -Some of the studies in the literature suggest that globalization increases the economic growth by contributing to the expansion of foreign trade volume, the increase of investment and productivity and global competition power.

Detailed explanation-4: -Globalization refers to the spread of the flow of financial products, goods, technology, information, and jobs across national borders and cultures. In economic terms, it describes an interdependence of nations around the globe fostered through free trade.

Detailed explanation-5: -Globalization is a process of increasing social and economic integration among countries around the world. It involves greater cooperation between people, governments and companies to make international trade easier-for example, through treaties like free trade agreements.