Definition of Globalization(Woramon)
Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world (Valley, 2015).
Globalization is a widely and somewhat loosely used term, intended to describe the recent and rapid process of intercontinental economic, social, and political integration. This worldwide integration allows people to communicate, travel, and invest internationally, and helps companies market their produces widely, acquire capital and human and material resources more efficiently, share advanced technology, and enjoy economics of scale(Wells et al.,2001).