What are the effects of globalization?

Look at the following video and get to know more about the effects of globalization and the results of these effects!

Globalization is defined as the increasing interdependence and interconnectedness between people and countries. It is related to opening of international borders to allow flow of goods, people and ideas and the relevant changes in policies at national and international levels to facilitate and enhance such flow.

Globalization has led to growing scale of cross-border trade, increase in flow of capital and fast spread of technology.

In this video, we will look at the impacts of globalization.
Please make notes while watching the video. You are definitely going to need them while answering the questions!