Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. Likewise, for centuries, people and corporations have invested in enterprises in other countries.
People also ask, what are the different aspects of globalization?
Globalisation has three main aspects which are economic, political and socio-cultural (University of Leicester 2009). Economic aspect focuses on the integration of global economies as well as flow of trade and capital across nation borders. Socio-cultural aspect emphasises on the exchanging of social and culture.
What are the politics of globalization?
Political globalization ”refers to an increasing trend toward multilateralism (in which the United Nations plays a key role), toward an emerging 'transnational state apparatus,' and toward the emergence of national and international nongovernmental organizations that act as watchdogs over governments and have increased
What is the definition of social globalization?
Social globalization refers to the interconnectedness of societies around the world. Globalization refers to the increasing integration of production, development and communication among nations on a worldwide scale. Globalization is often divided into three categories: economic, political and social.