What is globalization?

Globalization is simply a reality of modern life.

We live in an increasingly interconnected and interdependent world. Globalization touches every part of our lives, from the products we buy, to the food we eat, to the ways we communicate with one another. Globalization is also tied to some of the other biggest issues we face in the modern era, including climate change, trade, terrorism, and the spread of deadly diseases.

Being intertwined with countries and markets all over the world has both benefits and downsides, so globalization has both proponents and detractors.

No matter which side you’re on, globalization is simply a reality of modern life. Therefore, it’s critical to understand what exactly globalization is. How it changes the business world. And what factors drive those changes.

Look at the following video and get to know globalization much better!