In general terms Globalization means integration of the economy of the country with world economy.
It is the process of interaction and integration among people, companies and government worldwide.
It is an outcome of the set of various policies that are aimed at transforming the world towards greater interdependence and integration.
Globalization attempts to establish links in such a way that the happening in one country can be influenced by events happening miles away, it is turning the world into one whole or simply creating a borderless world.
It has grown so much in today’s time mainly due to advancement in transport and communication technology.
With the increased global interaction comes growth of international trade, ideas and culture.
It is the spread of products, technology, information and jobs across national borders.
It can raise the standard of living in poor and less developed countries by providing job opportunities, modernization and improved access to goods and services by developed countries.
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