What do you mean by globalisation?
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Globalization refers to the interconnectedness and interdependence of economies, cultures, and societies on a global scale. It involves the increased flow of goods, services, information, capital, and ideas across national borders, facilitated by advancements in technology, communication, and transportation. Globalization transcends geographical boundaries, fostering a more integrated and interlinked world. It has profound effects on trade, investment, cultural exchange, and the dissemination of information, shaping a global landscape where events, decisions, and developments in one part of the world can have far-reaching impacts on others. The phenomenon of globalization has transformed traditional notions of distance and connectivity, influencing economies, politics, and cultures worldwide.