Globalization refers to the integration of global economics, industries, markets, culture, and policies, making the world free from socio-political control and reducing distances between regions/countries through a global network of trade, communication, immigration, and transportation
. In the context of Class 10 Economics, it involves the integration between countries through foreign trade and foreign investments by multinational corporations (MNCs), leading to the rapid interconnection of countries and the movement of goods, services, investments, technology, and people between countries
. It is a process driven by international trade and investment, aided by information technology, and aims to create connections such that events in one country can be influenced by events taking place thousands of miles away
