What is globalization? Reasons for enhanced pace of globalization and its advantages and disadvantages

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Globalization refers to the process by which countries, societies, and economies become increasingly interconnected and interdependent through the exchange of goods, services, information, technology, culture, and ideas across borders. It represents the integration of national markets into a single global economy, where economic, political, social, and cultural interactions occur on a scale never seen before. Globalization is not limited to trade and investment but extends to communication networks, migration patterns, environmental policies, and governance structures. In essence, it is the shrinking of the world into a more interconnected and accessible space, driven by the increasing flow of resources, knowledge, and people. Several factors have contributed to the enhanced pace of globalization. Technological advancements are among the most significant drivers. Innovations in information and communication technology, such as the internet, mobile communication, and cloud computing, have made it easier for businesses to operate across borders and for individuals to __________ ______ __ ______ ________ ___ _____ ____ _______ ____________ _____ _____________ ____________.
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Degree : MASTER DEGREE PROGRAMMES
Course Name : Master of Arts (Urban Studies)
Course Code : MAUS
Subject Name : Sustainable Development and Smart Cities
Subject Code : MEDS -048
Year : 2024 2025