Good Morning everyone, Today I am going to share my views on the topic ” Globalization”.
Globalization refers to integration between people, companies, and governments. Most noteworthy, this integration occurs on a global scale. Furthermore, it is the process of expanding the business all over the world. In Globalization, many businesses expand globally and assume an international image.
It means the speedup of movements and exchanges of human beings, goods, and services, capital, technologies or cultural practices all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.
It has brought a variety of affordable priced quality products and overall economic benefits to the developing countries as well as employment to the large population. However, it has given rise to competition, crime, anti-national activities, terrorism etc.