Economic Globalisation

Economic globalization refers to the increasing interconnectedness of countries through the exchange of goods, services, investments, and financial flows. It allows businesses to operate across borders, consumers to access diverse products, and capital to move freely worldwide. This process is driven by advances in technology, transportation, and communication, fostering economic growth and development. However, it also presents challenges such as economic inequality, cultural changes, and environmental impacts, making it a complex and ongoing phenomenon that shapes the global economy.