The growing interdependence between national economies is reflected in a trend towards global markets, global production, global competition and global communication.
Globalisation involves the evolving interconnectedness of the world, reflected in the expanded flows of information, technology, capital, goods, services and people.
Globalization includes, and goes beyond, simple internationalization of markets.
a process by which national and regional economies, societies, and cultures have become integrated through the global network of trade, communication, immigration and transportation