Answer to Question #265922 in Finance for nadia

Question

what is the meant of globalization ,and what does kt affect in different countries?

Answer 1

Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.

Globalization helps developing countries to deal with rest of the world increase their economic growth, solving the poverty problems in their country. The developed countries were able to invest in the developing nations, creating job opportunities for the poor people.