business globalization

Business globalization refers to the increasing interconnectedness of markets and businesses across the world. It allows companies to operate internationally, accessing new customers, resources, and talent. This process involves expanding trade, investment, and technology exchange among countries. Globalization can lead to more competition, lower prices, and greater variety of products for consumers. However, it can also create challenges such as job displacement in certain industries and concerns about cultural homogenization. Overall, it reflects how the economy, influenced by technology and policy, is becoming more integrated on a global scale.