Globalization refers to the free movement of goods, capital, services, people, technology and information. It is the action or procedure of international integration of countries arising from the conversion of world views , products, ideas, and other aspects of culture . Advances in transportation (such as the steam locomotive , steamship , jet engine , and container ships ) and in telecommunications infrastructure (including the rise of the telegraph and its modern offspring, the Internet and mobile phones ) have been major factors in globalization, generating further interdependence of economic and cultural activities. Globalization can also be defined as a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology . This process has effects on the environment , on culture , on political systems, on economic development and prospe...
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