Globalization is the internationalization of markets and corporations.

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Globalization refers to the process of greater interconnection between countries, resulting in the increasing international trade, investment, and cultural exchange. Companies expand their operations globally to access new markets, resources, and talent, taking advantage of favorable economic, legal, and technological conditions in different countries. This leads to the integration of national economies into the global economy and the creation of a global marketplace, where goods and services are produced, distributed, and consumed across borders. Ultimately, globalization aims to enhance the efficiency, innovation, and competitiveness of businesses and economies, while raising living standards, reducing poverty, and promoting sustainable development worldwide.

Globalization Is the Internationalization of Markets and Corporations