Globalization:

Question

Globalization:

Quizplus · Accepted Answer

Globalization is the process of increased integration and interdependence between different countries in terms of economic, political, and cultural interactions. It involves the free flow of goods, services, capital, and people across borders, leading to an expansion of international trade and investment. It is not associated with a reduction in international trade or an increase in barriers to trade. While it has brought benefits to some parties involved, it has also brought challenges, such as income inequality, job displacement, and environmental degradation.