When something that is typically confined to a local area becomes worldwide, this process is called :- <u>Globalization</u>
<u>Globalization\</u>
The word "globalization" is used to describe how commerce and technology have increased connectivity and interdependence around the world. The scope of globalization also includes the resulting changes in the economy and society.
The effects of globalization are changing how individuals, corporations, and governments interact. In particular, it alters the character of economic exchange between countries by fostering commerce, opening up global supply networks, and facilitating access to labor markets and natural resources.
<h3><u>What are 4 examples of globalization?</u></h3>
- Cultural Globalization
- Diplomatic Globalization
- Economic Globalization
- Automotive Industry Globalization
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