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Globalization refers to the global interconnection of people and corporations, which ultimately contribute to major cultural, political, and economic cooperation. It is the capacity to move and interact effortlessly with people from all over the world in order to conduct global business. Globalization also refers to the acceleration of social institutions and exchanges (of people, products and services, capital, technologies, and cultural practices). One of the consequences of globalization is that it encourages and expands interactions between different regions and communities around the world.
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