L1 ap what is globalisation

This document discusses globalization and what it means. Globalization refers to the increasing interconnectedness between countries through factors like trade, technology, capital flows, and cultural exchange. It has both benefits like spreading wealth and mixing cultures, but also drawbacks like environmental exploitation and uneven impacts on migration. The definition from the IMF is provided, which describes globalization as the growing economic interdependence between countries through increasing cross-border transactions, capital flows, and technology diffusion. A brief history of globalization is also given, highlighting milestones from Columbus' voyage to modern international organizations and global connections that few today can avoid.