What is globalization?

Globalisation is the process of interaction and integration with people, multinational companies and Governments of different countries connecting all together. Globalisation was introduced in the 18th century and since then it has been evolving around. Because of rising globalisation worldwide, most of the developing countries are getting benefits. The innovation of new technology has been very useful due to the rise of globalisation. This also leads to advancement in transportation and communication globally.

Globalizationmeans connecting people,business,technologies all over the world.This is possible due to the advancement in communication technologies and transportation,as the distance and reach between the countries reduced.Because of globalization developed countries were able to invest in developing nations thereby reducing their own production costs and at the same time giving more job opportunities,reducing poverty and increasing the standard of living of the developing nations.

Globalization has led to improvementin the fields of transport , healthcare,education,manufacturing etc.Now businesses are catering to the global market therebyreducingthe cost and increasing the quality of products.