Globalization is the way that local or national ways of doing things become global, that is, done together around the world. It is about economics or trade, technology, politics, and culture. People feel differently about globalization: some think it helps everyone while others think it hurts some people.
It describes the way countries and people of the world interact and integrate. Globalization has many sides and can be economic, political and/or cultural.
Economic globalization is how countries are coming together as one big global economy, making international trade easier. In the late 20th century, many countries agreed to lower tariffs, or taxes on goods that are imported from other countries. The way Internet and other communication technologies makes it easier for people to buy and sell products from around the world is an example of globalization. Herman E. Daly has said that there is an important difference between internationalization and globalization. Internationalization is about nations working together for the same goals. These are things like treaties, alliances, and other international agreements. Globalization is about international trade being less obstructed by national borders.

License information: CC BY-SA 3.0 and GFDL
MPAA: G
Go to source: https://simple.wikipedia.org/wiki/Globalization