Globalization refers to the spread of economic activity beyond borders and across the world. It began with the fall of communism and growth of market systems and capitalism globally. Globalization interconnects markets internationally, bringing buyers and sellers together faster and more efficiently to stimulate economic growth worldwide. While issues like pollution and exploitation are often cited as flaws, globalization overall benefits humanity by allowing billions to trade goods, knowledge, and culture and has done more to reduce poverty than governments alone.
