Insight
Title:
Globalisation
Description:
Globalization refers to the ongoing process of increasing interconnectedness and interdependence among countries, economies, societies, and cultures worldwide. It is driven by advances in technology, communication, transportation, and the liberalization of trade and investment. Globalization facilitates the flow of goods, services, capital, ideas, and people across borders, leading to the integration of national economies into a single global market. It has profound effects on various aspects of life, including economics, politics, culture, and the environment, shaping the way nations interact and transforming the world into a more interconnected and interrelated global community.
McKinsey & Co ask Is globalization over?
PESTEL:
Economic