Explain the concept and process of globalization

Globalization is defined as the set of processes (economic, social, cultural, technological, institutional) that contribute to the relationship between societies and individuals around the world. It is a progressive process by which exchanges and flows between different parts of the world are intensified.

Globalization is the process by which ideas, knowledge, information,  goods and services spread around the world. In business, the term is used in an economic context to describe integrated economies marked by free trade, the free ___ ____ _______ ___ __________ _____ ________ ________ ________ ____ ________ ________.
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