Analyze the various ways in which conceptualization of globalization has led to its characteristics
Globalization, defined as the interaction and integration of people, companies, and governments from different countries through international trade and investment, has ramifications for the environment, culture, political systems, economic development, and human physical well-being in societies all over the world. We are today more connected than ever before thanks to the Internet, media, aircraft, international business, and embassies. Because of globalization, a person in China may easily interact with and sell their products to someone in the United States. Major advancements in the telecommunications and transportation industries are largely responsible for the rise of globalization.
Today, globalization permits items to be manufactured and sold all over the world. Fast food businesses, for example, are opening locations every day around the world in order to establish themselves and compete for customers. Due to globalization, businesses can also operate where production costs are the lowest. Globalization makes it easy to receive services from all over the world, for example, a US-based corporation can hire an accountant in India to perform its taxes via the internet. There is a cultural side to globalization, in addition to trade. It brings people from many cultures together, allowing them to learn about and embrace different ways of life.