defining globalization

defining globalization
defining globalization
defining globalization
What Is Globalization?

Globalization is the spread of products,

technology, information, and jobs across
national borders and cultures. In economic
terms, it describes an interdependence of
nations around the globe fostered through
Globalization is the spread of
products, technology,
information, and jobs across
nations.
Corporations in developed
nations can gain a competitive
edge through globalization.
Developing countries also benefit
through globalization as they tend
to be more cost-effective and
therefore attract jobs.
The benefits of globalization
have been questioned as
the positive effects are not
necessarily distributed
equally.
One clear result of globalization is that
an economic downturn in one country
can create a domino effect trought is
trade partners.