Globalization trend refers to the increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas on a global scale.
Related terms
Cultural diffusion: Cultural diffusion is the spread of cultural beliefs, practices, and ideas from one society to another.
Transnational corporation: A transnational corporation is a company that operates in multiple countries and has assets or activities in more than one nation.
Outsourcing: Outsourcing is when a company hires another company or individual outside its own country to perform certain tasks or functions.