Globalization refers to the increased integration and global interconnectedness of markets, trade, culture and products. Globalization is enhanced by technological advancements and transnational investments. People around the world are getting more closely connected than before. Goods and services produced are becoming available in all parts of the world irrespective of where they were manufactured. Money and information is also flowing rapidly while international communication and travel are commonplace. This paper discusses the pros and cons of globalization.
Pros of Globalization
There are several benefits that are a direct consequence of globalization. Firstly, companies have a wider market for the goods and services