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Globalization

oboloo Glossary

Globalization

Globalization is the process of connecting different countries and cultures to form a larger, more unified economic and social system. It involves increased economic integration that leads to greater market competition, the movement of goods and services around the world, and the growth of international trade and investment. On the social side, globalization brings people together through technology, encourages cultural exchange and understanding, and allows for access to previously off-limits markets. Globalization is a powerful force that can shape the future of any nation – which is why it’s essential to understand its implications, both positive and negative.

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