Quick Definition

Globalization refers to the process of increased interconnectedness and interdependence among countries worldwide, primarily driven by trade, investment, and technology.

Examples

• 1Multinational corporations like Apple sourcing components from various countries and assembling products in another.
• 2Foreign direct investment, where a company from one country builds a facility in another, like a U.S. company opening a factory in Vietnam.
• 3The global stock market, where investors can buy shares of companies from different countries.
• 4E-commerce platforms like Amazon and Alibaba enabling international sales and purchases.

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