Globalisation is the process by which national economies become more connected and integrated. This happens through the global movement of goods, services, money, people, and technology.

Key aspects include:

• Increased trade and financial freedom, which helps global companies work in many different countries.
• Rapid growth in transport, communication, and digital technology.
• Countries can focus on what they produce best, which leads to higher efficiency.
• Consumers gain access to a wider variety of products at lower prices.
• It can also cause inequality between nations and make it difficult for some local businesses to compete with cheaper imported products.