Globalization is the process by which businesses or other organizations develop international influence or start operating on an international scale on growing, developing and expanding the business, services or technologies though the world and also international trade and investment and aid by information technology. It is a way to manufacturers and products the products to sell them globally without any restriction. Most of the countries were affected by the worldwide in various ways such as socially, economically, politically, and psychologically. It also have its term to indicating fast, continues integration and interdependence countries are in the business and technologies.Globalization is a free movement of goods and services.
It is to be the result of global economy and increase the trade between nations. When the countries are closed, the trade and foreign investment open up their economies and went global. It has begun to increase the interconnectedness and integration of the economies of the world. Furthermore, globalization also means that countries liberalize their import protocols and welcome foreign investment into sectors that are the mainstays of its economy. What this means is that countries become magnets for attracting global capital by opening up their economies to multinational corporations.
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Globalization means that countries liberalize their visa rules and procedures to permit the free flow of people from country to country. Moreover, globalization is a results in freeing up the unproductive sectors to investment and the productive sectors to export related activities resulting in a win-win situation for the economies of the world.Globalization is a grounded theory of the comparative advantage which countries are good at producing a particular good are better off exporting to countries that are less efficient at producing goods. The latter country can export the goods that produces an efficient manner to the former country which might be deficient. The underlying assumption here is not all countries are good at producing all sorts of goods and hence they benefit by trading. Because of the wage differential, the way in different countries are given with different resources, countries stand to gain by trading with each other.
