Globalization and its Impact

Globalization is both the cause and effect of a stream of economic, social, political and
technological changes

The Carnegie Endowment from International Peace defines
Globalization as “A process of interactions and integration among the people,
companies and governments of different countries, a process driven by
international trade and investment and aided by information technology. This
process affects the environment, culture, political systems, economic
development and prosperity and physical human well-being in societies around
the world.”