Globalisation is a process of interaction and communication between people, companies, and governments across national boundaries.
Benefits of Globalisation
- Globalisation increases economic growth, which leads to an increase in jobs, higher wages, and greater social mobility for all people around the world.
- It allows us to trade with people all over the world, which brings new cultures, traditions, and foods to our own culture.
- Globalisation allows businesses to expand their reach into new markets, which increases competition and drives innovation within those markets so that everyone can benefit from better products at lower costs (or even for free).
- Global markets allow businesses to become more competitive in the world economy by having access to new markets, which means more money for the business and its employees.
- It helps create peace among nations.
- Globalization helps people in developing nations by providing jobs that pay well and give good benefits such as health insurance and retirement plans.
- It helps us share ideas and learn from each other, which helps us innovate new technologies and products.
So, these are the benefits of Globalisation.
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