Globalization is the interconnectedness and integration of countries worldwide due to advancements in technology, transportation, and communication.
Globalization refers to the increasing interconnectedness and integration of countries worldwide due to advances in communication and transportation technology. It involves various processes, technologies, and systems that enhance connections, communication, and movement among distant people and places on Earth.
Technological developments, such as the internet and efficient transportation systems, have accelerated globalization, allowing for the flow of goods, capital, labor, and information across borders. Lower transportation costs, reduced trade barriers, and different wage rates between countries are some drivers of globalization.
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