Globalization is a process ofinteraction and integration among people, companies, and governments of different nations driven by international trade, investments, and information technology
Globalization is defined by the World Health Organization as the opening of international borders to fast flows of goods, services, finance, people, and ideas
Thomas Friedman defines globalization as the integration of markets, nation-states, and technologies enabling individuals, corporations, and nation-states to reach globally
Economic Globalization involves interconnected economies through trade, exchange of resources, and international movements of goods, services, capital, technology, and information
Pros of Globalization include encouraging free trade, creating more jobs, eliminating currency manipulation, developing poor areas, fostering communication, and pooling resources for innovation
Cons of Globalization involve widening the gap between rich and poor, transferring jobs to lower-cost areas, creating a culture of fear, giving influence to the biggest and richest, facilitating faster spread of diseases, and potentially harming the environment