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What is globalization?

Asked by Sarah, Last updated: Jul 17, 2023

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d.Jessica

d.Jessica

d.Jessica
D.Jessica

Answered Aug 31, 2017

Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.

Globalization is not new, though. For thousands of years, people—and, later, corporations—have been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages.

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John Smith

John Smith

John Smith
John Smith

Answered Aug 17, 2017

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