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Is a process of interaction and integration among the people, companies, and governments of different nations.

Globalization is both an active process of corporate expansion across borders and structure of cross border facilities and economic linkages that have been steadily growing and changing

Globalization is the process whereby social relations acquire relatively distance-less and borderless qualities

Reasons for Globalization

Answer explanation

Improvements in transportation

Freedom of trade

Imprpvement of communications

Labor availability and skills

Salient features of Globalization

Answer explanation

Liberalization

Free trade

Globalization of Economic Activity

Liberalization of Import-Export System

Privatization

Increased Collaborations

Economic Reforms

Talented people or skilled people who leave their countries for better opoortunities

Reasons why fillenials are broke

Answer explanation

Lacks financial literacy

Financially vulnerable

Burdened with more financial responsibilities

Stagnant income

How to overcome

Answer explanation

Be thrifty but not cheapskate

Side hustle

Bargain for a raise

Educate yourself

Cornerstones in society