Globalization is the process enabling financial and investment markets to operate internationally, largely as a result of deregulation and improved communications. Globalization came to be seen as more than simply a way of doing business, or running financial markets - it became a process.
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what does globalisation mean
the act of globalizing, or extending to other or all parts of the world: the globalization of manufacturing.
worldwide integration and development: Globablization has resulted in the loss of some individual cultural identities.