Globalization represents the proliferation of relations on a global scale. The abstract phenomenon of globalization is one of the major processes of change in our world today. It is a social, cultural, technological and of course economic phenomenon.
The process of globalization is entering a new era characterized by soaring flows of cross-border information. As the locus shifts from physical networks of production and trade to global information networks
Globalization refers to a process of increased interconnectivity between people around the world. This interconnectivity creates greater interdependence, with this global interdependence then forming the foundations to some form of global organization. As such globalization should be understood not simply as increased connectivity but