Globalization is defined as a social, economic, and political process that makes it easier for people, goods, ideas and capital to travel around the world at an unprecedented pace. Globalization makes the world look and feel much smaller. It can be also described as a process of complex interconnections between various societies, cultures, individuals and institutions that happens worldwide. Though globalization itself is not absolutely new and novel, its rapid development is mostly associated with the introduction of new modern technologies. Very often globalization is considered to be a modern or very contemporary phenomenon, and is associated mostly with ...
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