It is the expansion of various businesses to the global markets throughout the world.It requires huge international investment to develop large multinational corporations for the worldwide economic integration.
Unprecedented advancements in transport and communication technologies have added to the growth of globalization.
Primarily, globalization is a commercial activity which also integrates different cultures and societies through trade and commerce.
Production globalization is the set up of plant in many countries to produce products locally on low labour cost and earn more profit than its home country.
Globalization is the spreading of anything worldwide.
On one hand, where globalization has made easy access of technologies to the people, it has also decreased the opportunity of success by increasing competition.
Introduction Globalization is making the availability of businesses or technologies all across the world through the speed of markets.
Globalization has positively and negatively affected the tradition, culture, political system, economic development, lifestyle, prosperity, etc.
In the last few decades globalization has been very fast which has resulted in the worldwide economical, social, political and cultural integration through the advancement in the technologies, telecommunication, transportation, etc.
It has changed status and way of living of people in the society to a great extent.
It is hugely benefiting the developing nations by providing various developmental opportunities.