![]() ![]() The mutual support will automatically build the associated businesses with the trade. There is an overall growth in the gross domestic product of the nation, which is directly linked with the growth of trade.įree trade not only grows the company or organization which is involved in free trade but also increases cooperation between countries. As trade flourished, the economies of related countries, associated with trade, also grew. This enables the growth of trade between the countries. Micromanagement of trade by the government is absent in case of free trade. Globalization allows free trade between countries without government interference. Because the global interactions increased, there was an exchange of ideas, and this paved the path for globalization. There are many reasons for the growth of globalization, like proliferation in communication and transportation. Globalization can always be reversed, and it is considered as a non-inevitable process. ![]() Rather than considering globalization as an end process, it is considered as dynamic. Because of globalization, different economics integrate and become inter-dependent. ![]() The globalization of the art and entertainment industry is one of the key features of the 21st century. ![]() You can check this main article on What is Globalization – Its Benefits and Limitations.įinancial markets, commodity markets, insurance markets are few of the markets where globalization plays a crucial role. The activities may include production and distribution, research and development, etc. Globalization is geographic distribution and scattering of business, service, and or industrial activities by various means of an association like collaboration, joint venture, partnerships, or any such relevant partnership or by venturing solely in a different territory. ![]()
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