Globalisation

Globalization refers to the increasing interconnectedness and interdependence of countries and cultures worldwide. This phenomenon occurs through trade, investment, technology, and communication, allowing goods, services, and ideas to flow more freely across borders. As businesses operate internationally and people share cultural practices, globalization can lead to economic growth and cultural exchange. However, it can also result in challenges, such as job displacement and environmental concerns. Overall, globalization shapes the modern world by influencing economies, societies, and cultural identities on a global scale.