Literary Entanglements

  Globalization:  its Impact on Modern Society Globalization, in simple terms, is the process of interaction and integration among people, companies, and governments worldwide. It increased global interactions and has caused growth in international trade and the exchange of ideas, beliefs, and cultures. Globalization is primarily an economic process of interaction and integration that is associated with social and cultural aspects. It has facilitated the free flow of goods, services, information, technology, and people across borders, leading to profound changes in how nations and individuals interact. Economic Impact of Globalization One of the most evident impacts of globalization is on the world economy. It has opened markets, allowing countries to specialize in production where they have a comparative advantage. For instance, China has become the world’s manufacturing hub due to its large labour force and relatively low production costs. Similarly, India has emerged ...