What are some of the processes included under the label ‘globalisation’?


Solution:The world is getting increasingly interconnected in the age of globalization. Their ties aren’t only economic; they’re also cultural and political.Globalization is characterized by a variety of developments, including an increase in the worldwide movement of commodities, money, information, and people, as well as technological advancements.

Globalization is characterized by the expansion and integration of markets all over the world. It means that market developments in one region of the world might have a significant impact on markets in other parts of the world.

For example, India’s expanding software industry could suffer a setback if the US economy suffers, as it did following the 9/11 attacks on the World Trade Center in New York, which resulted in a loss of business and employment in the US.

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