Globalization refers to the interconnectedness of economies, cultures, and populations across the world. It is driven by international trade, investment, and advancements in technology, which facilitate the movement of goods, services, and ideas. This process has led to increased economic growth and cultural exchange, allowing people to experience diverse lifestyles and perspectives.
However, globalization also presents challenges, such as economic inequality and cultural homogenization. While it can promote development and innovation, it may also lead to the erosion of local cultures and increased competition among nations. Balancing these effects is crucial for sustainable progress.