Globalisation is the procedure that increases the flow of capital, people, information, ideas, goods, and services across international borders.
The process of globalisation is how concepts, information, expertise, goods, and services go across national and international borders. The phrase is used in the business world to refer to linked economies characterised by free trade, the free movement of capital across nations, and simple access to foreign resources, especially labour markets, in order to maximise profits and benefit the general welfare. Countries specialise in goods and services where they have a competitive advantage in a worldwide economy. This typically refers to what they can produce and supply more cost-effectively than rival nations while using fewer resources. If every nation focuses on what it does best, global production should be more efficient, prices should be lower, economic growth should be universal, and every nation should profit.
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