What is Globalisation? Definition and Types

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What is Globalisation? Definition and Types
Muqtader, Other, UK

Globalisation describes the process by which regional economies, societies, and cultures have become integrated through communication, transportation, and trade.
The term is most closely associated with the term economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, the spread of technology, and military presence.
1. Globalization is usually recognized as being driven by a combination of economic, technological, sociocultural, political, and biological factors.
2. The term can also refer to the transnational circulation of ideas, languages, or popular cultures through acculturation.An aspect of the world which has gone through the process can be said to be globalized.

Globalization - a Word
The word 'globalization' is just a word which is used by the business man in order to make it a conduct of communication. The rules change along with the requirements and necessities of the business people, since they are the ones who actually rule the economy.
Trade is an important factor which helps in creasing the foreign currency flow in the economy resulting in many economic developments (not confined to only one). It was there before, but no specific terms was mentioned which actually captured the market.

What is Globalization? Definition
MD ASIF IQBAL, Student (MBA), United Kingdom
I think the word ''globalization'' is the process of universal trade, integration, interconnectedness of global business, economic activities, societies and cultures, politics & political structures and the ultimate explosion of recent technological development and military exercise which demonstrate to capture world’s financial leadership.



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