what is globalization?

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7 Answers

  • breaking of walls.

  • Globalization is a situation where there are no barriers between countries or trading purposes.

    For example before the introduction of globalization theme every country had tariffs fo protect their industries from foreign competition and the famous one is GATT but nowadays this type of rrestrictionis removed and the foreign industries and local industries can compete with each other without any restrictions in the trade.

    It is free trade between countries cutting across the borders

    Laizze-Faire policy is followed here.

    Globalizationthe foreign exchange rate is not pegged but allowed to change according to Demand and Supply for their currencies.

    Source(s): gk
  • hello friend, i think it is the growth to a global or worldwide scale. a good definition for it is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. this process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.

  • globalization refers to processes that promote world-wide exchanges of national and cultural resources. Advances in transportation and telecommunications infrastructure, including the rise of the Internet, are major factors in globalization, generating further interdependence of economic and cultural activities. (10 marks)

    Source(s): ICAI Student
  • Global expanse of goods or services to a worldwide market.

  • Globalization is the

    process of rapid integration or

    interconnection between countries.

  • exposing to the whole world

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