Globalization. What is it actually? Globalization embraces the global integration of international trade, investment, information, technology and cultures. The politicians aim to improve the living standards of the poorest countries as well as to boost the development in these countries.
For many years, a big effort has been made to bring different countries together. It has been ongoing for decades now, and the development of globalization has been extraordinary. Almost all parts of the world have a connection to the rest of the world in different ways, which is one of the purposes of globalization.
People all over the world should be able to work together, come together and under-stand each other’s cultures, politics, economics and social environments. Besides, the meaning of globalization is to make the world a big common place, where every human being can have their own opinion and their own religion.
Globalization is defined as the process of integration of regions and countries in a global network. To make the globalization a success, many factors have played a part. Amongst other things, effective communication across the world has been an important factor and the cost of communication has been reduced, which has lead to increased communication.
Technology has also been a big contributor to the globalization. IT across borders has increased the awareness among the people in the different countries of what kind of economic trends and investments opportunities they have. The progress of technology such as digitalizing has made it a lot easier to transfer financial assets between countries.