What is golbalization?

Answer 1

• Globalization is the worldwide movement toward economic, financial, trade, and communications integration.
• Globalization implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers.
• However, it does not include unhindered movement of labor and, as suggested by some economists, may hurt smaller or fragile economies if applied indiscriminately.