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    Globalization describes the growing interdependence of the world's economies, cultures, and populations, brought about by increased cross-border trade and technological connectivity. It involves the development of international trade systems through multinational corporations and NGOs, a global financial system of international exchanges, growing political influence of international organizations like the UN, and interconnection through digital technologies. Potential benefits include easier access to foreign cultures, the spread of innovation, lower production costs, access to new markets, and ability for companies to find specialized talent globally.

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    Globalization describes the growing interdependence of the world's economies, cultures, and populations, brought about by increased cross-border trade and technological connectivity. It involves the development of international trade systems through multinational corporations and NGOs, a global financial system of international exchanges, growing political influence of international organizations like the UN, and interconnection through digital technologies. Potential benefits include easier access to foreign cultures, the spread of innovation, lower production costs, access to new markets, and ability for companies to find specialized talent globally.

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    3 views1 page

    Untitled

    Uploaded by

    2126JA01 ABINAV
    Globalization describes the growing interdependence of the world's economies, cultures, and populations, brought about by increased cross-border trade and technological connectivity. It involves the development of international trade systems through multinational corporations and NGOs, a global financial system of international exchanges, growing political influence of international organizations like the UN, and interconnection through digital technologies. Potential benefits include easier access to foreign cultures, the spread of innovation, lower production costs, access to new markets, and ability for companies to find specialized talent globally.

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    © All Rights Reserved
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    Globalisation describe the growing interdependence of world's economic culture and population

    brought about by cross border trade in goods and services.

    Economical: development of trade system within transnational actor such as corporation and NGOs.

    Financial: can be linked with the rise of a global financial system within International Financial
    exchanges.

    Political: development and growing influence of international organisations such as UN and who.

    Technological: phenomenon by which people are interconnected to the power of digital world.

    Benefits;

    It makes it easier to access foreign culture including food movie and art.

    To the Spread of Technology and innovation.

    It allows companies to find Lower cost way for production.

    Accessing new markets for the growth of business.

    Globalisation allows companies to find new specialized talented people who are not available in their
    current market.

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