What do you understand by Globilisation? Discuss the economic dimensions of Globalisation?

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Globalization refers to the process of increased interconnectedness and interdependence of the world's economies, societies, and cultures. This phenomenon is the result of advancements in communication, transportation, and technology, which have made it easier for people, goods, and services to move across borders. Globalization has transformed the way businesses operate and has also had a profound impact on people's lives around the world.

One of the key drivers of globalization is the expansion of international trade. Over the past few decades, trade barriers between countries have been lowered, and new technologies have made it easier to transport goods and services across borders. As a result, companies have been able to source materials and labor from around the world and sell their products in markets they would not have had access to previously. This has created new opportunities for businesses to grow and expand, but it has also led to increased competition and job displacement in some industries.

Another important aspect of globalization is the movement of people across borders. Advances in transportation and communication have made it easier for people to travel and connect with others around the world. This has led to increased migration, both for economic and political reasons. People move to new countries in search of better opportunities, whether that be for work or education, or to escape conflict and persecution in their home countries. This has brought about a greater cultural exchange, which has enriched societies and increased diversity.

Globalization has also had a significant impact on the environment. Increased trade and consumption have led to greater levels of pollution and resource depletion, as companies seek to produce goods more efficiently and at lower _________ ____________ ___ _____ _____ ____ ________ ___________ ____ ____________ _____ _________.
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Degree : MASTER DEGREE PROGRAMMES
Course Name : Master of Arts (Urban Studies)
Course Code : MAUS
Subject Name : Dynamics Of Development in Urban Construct
Subject Code : MEDS 49
Year : 2023