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    Viva Pit Contemporary

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    Globalization refers to the increasing interconnectedness and interdependence of world economies, cultures, and societies through the rising flow of goods, services, capital, technology and information across borders. It involves greater economic integration between countries through mechanisms like free trade agreements that facilitate international trade. A key effect is the promotion of interactions and exchange between different regions and populations globally.

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    Viva Pit Contemporary

    Uploaded by

    maananerio7
    10 views3 pages
    Globalization refers to the increasing interconnectedness and interdependence of world economies, cultures, and societies through the rising flow of goods, services, capital, technology and information across borders. It involves greater economic integration between countries through mechanisms like free trade agreements that facilitate international trade. A key effect is the promotion of interactions and exchange between different regions and populations globally.

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    Globalization refers to the increasing interconnectedness and interdependence of world economies, cultures, and societies through the rising flow of goods, services, capital, technology and information across borders. It involves greater economic integration between countries through mechanisms like free trade agreements that facilitate international trade. A key effect is the promotion of interactions and exchange between different regions and populations globally.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    10 views3 pages

    Viva Pit Contemporary

    Uploaded by

    maananerio7
    Globalization refers to the increasing interconnectedness and interdependence of world economies, cultures, and societies through the rising flow of goods, services, capital, technology and information across borders. It involves greater economic integration between countries through mechanisms like free trade agreements that facilitate international trade. A key effect is the promotion of interactions and exchange between different regions and populations globally.

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    Globalization is a term used to describe the increasing connectedness

    Broad &
    and interdependence of world cultures and economies.
    Inclusive

    Globalization is the process by which ideas, knowledge, information,


    goods and services spread around the world. In business, the term is
    used in an economic context to describe integrated economies marked
    by free trade, the free flow of capital among countries and easy access to Broad &
    Inclusive
    foreign resources, including labor markets, to maximize returns and
    benefit for the common good.

    Globalization refers to the spread of the flow of financial products,


    goods, technology, information, and jobs across national borders and
    Broad &
    Inclusive cultures. In economic terms, it describes
    v an interdependence of nations
    around the globe fostered through free trade.

    Globalization means the speedup of movements and exchanges (of


    human beings, goods, and services, capital, technologies or cultural Broad &
    practices) all over the planet. One of the effects of globalization is that it Inclusive
    promotes and increases interactions between different regions and
    populations around the globe.

    Globalization is a process of increasing social and economic integration


    among countries around the world. It involves greater cooperation
    Broad &
    between people, governments and companies to make international
    Inclusive References:
    trade easier—for example, through treaties like free trade agreements.
    Globalization. (n.d.). https://education.nationalgeographic.org/resource/globalization/

    Hashemi-Pour, C., & Lutkevich, B. (2023, December 21). globalization. CIO.

    https://www.techtarget.com/searchcio/definition/globalization

    Fernando, J. (2023, March 28). Globalization in business with history and pros and cons. Investopedia.

    https://www.investopedia.com/terms/g/globalization.asp

    youmatter. (2020, October 6). What is Globalization? Examples, Definition, Benefits and Effects. Youmatter.

    https://youmatter.world/en/definition/definitions-globalization-definition-benefits-effects-examples/

    Globalization. (2022, June 10). BDC.ca. https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/templates-business-guides/

    glossary/globalization

    My definition of globalization:
    Globalization is the worldwide integration of economies, societies, and cultures
    through the exchange of goods, services, ideas, and information across national
    borders, fostering interdependence and interconnectedness on a global scale.

    The Similarities in the descriptions of globalization, particularly in an economic context. Here are the
    commonalities:
    1. Spread of Ideas, Knowledge, and Information: Both descriptions acknowledge that globalization
    involves the dissemination of ideas, knowledge, and information across the world.
    2. Flow of Goods and Services: They both emphasize the movement of goods and services on a
    global scale as a central aspect of globalization.
    3. Free Trade and Capital Flow: There's a shared emphasis on the importance of free trade and the

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