What is globalization please define it both as a process and

What is globalization (please define it both as a process and outcome)? What factors can you identify in explaining why globalization occurred? How do you assess its impact upon both rich countries and poor ones, in particular, the issue of inequality? How do you explain the emergence of an anti-globalization movement? What made it so controversial?

Solution

Globalization is the process or concept in which people across the globe interact and integrate there business, culture, investment and companies into each other nation.

It has many benefits like more opportunities, free trade, more business, more intergration, globalization leads to price benefits for nations, more foreign currency, more social mingle up, more technological advancement.

It has some cons as well. People sometimes doesnot undersrand the other countries people and there working culture so this can cause communication gap, time zone can leas to delay response. More time in travelling etc

Overall globalization is necesaary for growth