globalization

Globalization is the process in which people, ideas and goods spread throughout the world, spurring more interaction and integration between the world's cultures, governments and economies. The term is most frequently used in reference to creating an integrated global economy marked by free trade, the free flow of capital and corporate use of foreign labour markets to maximize returns. However, some use the term globalization more broadly, applying it to the movement of people, knowledge and technology across international borders; some also apply it to the free flow of cultural, environmental and political discourse.

 


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