The globalization process refers to the increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas on a global scale.
Related terms
Transnational Corporation: A company that operates in multiple countries or has facilities outside its home country.
Cultural Diffusion: The spread or transmission of cultural traits (beliefs, customs, technologies) from one society to another.
Outsourcing: The practice of hiring external individuals or companies to perform certain tasks or functions instead of using internal resources.