Increasing globalization interaction, including commerce in commodities and services, is brought on by a rising closeness of laws, rules, conventions, values, and ideas among nations.
The term "globalization" refers to the increasing interdependence of the economies, culture, and populations throughout the world as a result of technology, bridge trade in products and services, and flows of capital, labor, and information.
Globalization's effects are altering how people, businesses, and governments interact. In particular, it modifies the nature of international trade by promoting business, expanding global supply chains, and easing entry to labour - market and raw materials.
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