WORLD HISTORY

Detailed explanation-1: -Globalisation describes a process by which national and regional economies, societies, and cultures have become integrated through the global network of trade, communication, immigration and transportation.

Detailed explanation-2: -In geography, globalization is defined as the set of processes (economic, social, cultural, technological, institutional) that contribute to the relationship between societies and individuals around the world.

Detailed explanation-3: -Globalization is transforming the ways in which nations interact. National economies become integrated as the flow of goods and capital across borders expands.

Detailed explanation-4: -What Is Globalization? Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology.

Detailed explanation-5: -International trade is also a central driving force behind globalisation, a process of integration among countries and people. According to economic theory, as technological development drives down transaction costs (communication, transport), cross-border trade and investment will increase.