Question

Briefly explain globalisation

Answer 1

Globalisation refers to the increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas. It is driven by advances in technology, transportation, and communication, which have facilitated the movement of people, capital, and resources across borders. Globalisation has led to the integration of economies, cultures, and societies, resulting in a global network of production, trade, and finance. It has also given rise to multinational corporations, global supply chains, and the spread of cultural influences and consumer trends worldwide.