Definition
Globalization
Globalization is the international connection and cooperation that makes it easier for countries, businesses and people to trade and work across borders.
Globalization is a process of increasing social and economic integration among countries around the world. It involves greater cooperation between people, governments and companies to make international trade easier—for example, through treaties like free trade agreements.
For businesses, globalization can mean moving production or service facilities—such as factories, warehouses or distribution centres—to countries with lower labour costs.