Quick Definition

Globalization refers to the process by which businesses or other organizations develop international influence or start operating on an international scale, impacting economic activities across the globe.

Examples

• 1Multinational corporations like Apple and Samsung operating and selling products worldwide.
• 2The outsourcing of customer service and IT jobs from the U.S. to countries like India and the Philippines.
• 3The global spread of financial markets allowing investors to buy stocks in companies located in different countries.
• 4International trade agreements like NAFTA and the European Union promoting free trade among member countries.

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