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The term "globalization" refers to the increasing interdependence of the economies, cultures, and populations throughout the world as a result of technology, cross-border trade in goods and services, and flows of capital, labor, and information. Over many years, nations have developed economic alliances to support these movements. Complex and politically controversial, globalization's wide-ranging impacts are widespread. Similar to significant technological advancements, globalization is good for society as a whole while being bad for some groups. Three categories can be used to group globalization. The section numbers for these are 1.0, 2.0, and 3.0. 2.0 is the connection of nations through businesses and companies that are globalized in other nations, whereas 1.0 is the connection of nations through other nations through government officials, religion, people, colonization, etc. 3.0 refers to persons who communicate with others online, through social media, etc. Recognizing these categories, relative costs and benefits can help solve issues while maintaining larger benefits.

According to Dominic Dithurbide, there are four key advantages of globalization. First, access to new markets. Businesses now have the chance to diversify into new areas, connect with global consumers, and boost profits thanks to globalization. Companies may eventually encounter domestic demand saturation for their goods or services. They can keep growing by satisfying overseas demand by diversifying their market. Second, spread of knowledge and technology. Companies need to share a technological structure and similar technologies in order to collaborate worldwide. For instance, e-commerce enables businesses to sell their goods on Amazon.com to customers worldwide. Similar to this, a centralized knowledge base enables businesses to swiftly transmit information and create novel solutions. For instance, in the healthcare industry, this means that new drugs and medical equipment will be available on the market more quickly in various nations. Third, enhanced global cooperation and tolerance. By allowing nations to specialize, globalization improves collaboration. By doing this, they can take use of their economic advantages and exchange those items for other resources. For instance, a South American nation that excels at sugar cane production may export it to a developed nation in exchange for manufactured goods. Lastly, it promotes economic growth. Studies have demonstrated that on a human level, globalization fosters tolerance since it exposes people to many cultures and allows them to connect with people around the world. Studies have shown that because countries can specialize in areas with comparative advantages, globalization boosts economic growth by more effectively allocating resources. Through complementary reforms in the area of capital and financial development, it also indirectly supports growth.

(There are still paragraphs that I didn't include bcoz I don't want to bore y'all with long technical writings haha)

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This is not the first time I wrote about this topic, I wrote essay about this when I am still studying and also when I did writing commissions. It's surprising that this should be 2k words gosh haha I only did write 1k+ and I told my client to just add up because I am now busy haha. She told me before that it's just 1k and then her teacher said it changed to 2k words. eekk I am now busy with my review so I can't manage to add because it's already due on Friday. After all, this is just free work I didn't ask for payment because she's a good friend 😌