Commerce Glossary
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What is Globalization?
glob - al - i - za - tion
noun
Is the process of interaction and integration among individuals, companies, and governments worldwide. Globalization is the result of the world’s growing local economies, cultures, and societies, driven by the ease of communication and transport. This is accelerated with the help of technologies, investments, and regulations related to people’s movement around the world and cross-border trade, both online – made possible by the proliferation of the Internet – and offline.
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