The word “globalization” means the network of connections between people, groups, companies and countries. Thanks to globalization the planet is becoming a global village because local differences and national boundaries are or should be disappearing.
Before globalization companies were based in their home countries. Now many companies have become multinational, and have created smaller versions of themselves. Companies have grown in new markets. These companies are globally integrated enterprises. They can work everywhere and They base their decisions on three factors: costs, skills, environment. Globalization means that every part of the world is connected and multinationals move to places where They have convenience to go.
The globalization has changed our world, but We don’t know if the change has been positive or negative. Supporters of globalization claim that It has led to faster growth, higher living standards and new opportunities.