What do you understand by globalisation? Explain in your own words.

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asked Jul 17, 2017 in Economics by Deepakk (585 points) 15 34

1 Answer

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answered Jul 17, 2017 by faiz (82,347 points) 6 6 11
 
Best answer

Globalisation in today's world has come to imply many things. It is the process by which the people of the world are unified into a single society and function together. This term is also often used to refer to economic globalisation: the integration of national economies into the international economy through trade, foreign direct investments, capital flows, migration and the spread of technology.

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