International Affairs and Values of Life
Effect of Globalisation on the Values of Life What is meant by globalization? Globalization is the process of expanding world trade, contacts among societies, and the sharing of ideas around the world. It is a process of integration and interaction between people, businesses, and governments of different nations, a process driven by international trade and investment and aided by information technology. Globalization has increased the production of goods and services, as well as the exchange of cultures and ideas. As a result, goods, services, capital, and people are moving more freely across borders due to the sharing of ideas and technology. So that countries can access resources and products from around the world. It encourages a more efficient use of resources, as countries can focus on producing the goods and services that they specialize in. It also encourages competition, which can help to reduce prices and increase the quality of goods and services. Globalization ha...