Globalization Is The Process Of International Integration

1244 Words5 Pages
Globalization is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture. It approaches in transportation, telecommunication-internet, mobile phones which have been the key factor in globalization, producing further interconnection of economic and cultural activities. Economic globalization is the increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of goods, service, technology and capital. Whereas the globalization of business is centered around the reduction of international trade regulations as well as tariffs, taxes, and other impediments that suppresses global trade, economic globalization is the process of increasing economic integration between countries, leading to the emergence of a global marketplace or a single world market. Another type of globalization called International Migration which has helped increasing diversity in many countries. Globalization has been accepted by increasing number of people moving across the border for various reasons. There are different forms of border crossing accepted by governments but then there are also illegal border crossing which is considered illegal. Almost all the governments welcome international tourism which is the biggest industry as well as it provides a lot of jobs to people which helps the economy and governments of almost every nation like to have tourists in their
Open Document