WORLD HISTORY

Detailed explanation-1: -Globalization is the connection of different parts of the world. Globalization results in the expansion of international cultural, economic, and political activities.

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: -In simple terms, globalization is the process by which people and goods move easily across borders. Principally, it’s an economic concept – the integration of markets, trade and investments with few barriers to slow the flow of products and services between nations.

Detailed explanation-4: -The process of economy globalization is also the process of global industrial restructuring and readjustment. With the development of science and technology and increase of income level, industrial structures of all the countries have been also undergoing readjustment and upgrading.

Detailed explanation-5: -In economics, globalization can be defined as the process in which businesses, organizations, and countries begin operating on an international scale. Globalization is most often used in an economic context, but it also affects and is affected by politics and culture.