What is globalization?

Globalization refers to the process by which businesses and other organizations expand their operations and influence beyond their national boundaries, engaging and integrating with economies, cultures, and societies on a global scale. This concept encompasses a wide array of economic activities, such as trade, investment, supply chains, and the distribution of goods and services across international borders.

This international reach allows for a sharing of technologies, ideas, and resources, thus significantly impacting global economics, culture, and even politics. As businesses seek new markets and resources, they adapt their practices to accommodate diverse environments, creating a more interconnected world.

While political integration among countries, urbanization, and local development strategies tied to ecology and economy are all important in their own right, they represent more specific aspects of broader phenomena or trends that can be influenced by globalization but are not definitions of it. Hence, the emphasis on international business operations captures the essence of globalization effectively.