1.

Globalization is a term used to describe how trade and technology have made the world into a more connected and
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, a

2.
1.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.
2.Political globalization refers to the ripple effects and continuity of political relationships between countries.
3. Cultural globalisation refers to the transmission of ideas, meanings and values around the world in such a way as to extend
and intensify social relations. This process is marked by the common consumption of cultures that have been diffused by the
Internet, popular culture media, and international travel.
3.The positive effects of globalisation include economic advancement and the reduction in poverty, creation of
jobs, greater access to technology, cultural diversity and tolerance, emergence of new social movements and
greater transparency
The negative effects of globalisation include, greater inequality, increased corruption, reduction in sovereignty
erosion of cultural identity and degradation of the environment.
 Internationalization of Capital Markets
 Movement of Manufacturing Overseas
 Internationally Mobile Labor Forces
 Rise of 'Hub' Cities
 Worldwide Booms and Busts
 European Union. The European Union is a trade and treaty bloc comprising of 27 nation-states on the continent of Europe
 NATO. The North American Treaty Organization is another multi-national political treaty established after World War 2
 Belt and Road Initiative
 War Games
 NAFTA

 Spread of Religions
 Spread of Foods and Dishes
 Spread of Fashion
 Spread of Ideologies
 Davos Culture