Understanding Globalization

Globalization is the process of interaction and integration among people, companies, and governments of different nations, driven by international trade, investment, and information technology.

Examples of globalization include the spread of multinational corporations, the exchange of cultural values and ideas, and the interconnectedness of financial markets across the world.

Potential benefits of globalization include increased economic growth and access to a wider variety of goods and services. Challenges include income inequality, loss of cultural identity, and environmental degradation due to increased production and consumption.