Globalization encourages business on a global scale. Globalization is an effective process by which all nations of the world will commonly try to establish regular universal standards and regulations (both created and recommended) that will encourage business in different nations. Affairs around nations or elements across different fringes are called universal affairs. Economic Globalization The term "globalization" is generally used in business circles and issues of trade and profit to describe the increasing internationalization of merchandise and government businesses, the budgetary framework. , businesses and business ventures, innovation and rivalry. In the globalized economy, national silos and containment points have largely diminished as market access entanglements have dissolved. Additionally, there has been a decrease in transaction expenses as well as an overlap of time and separation in global transactions. Cultural globalization Globalization has led to the improvement of the world's popular society. For example, Coca-Cola is sold in more countries than the number of members of the United Nations. Coke is considered the second most universally understood word after OK. McDonald's has more than 30,000 local restaurants serving 52 million people in more than 100 countries every day. Levi's jeans are sold in more than 110 countries. Ronald McDonald is the second most famous name after Santa Claus for most school children. Financial globalization Liberalization of capital development and deregulation, particularly of tax administrations, have caused a surge in cross-border capital flows. Globalization of financial markets has triggered rapid growth of investment portfolio...... middle of paper...... in developing countries like Brazil and India by starting production units, but What we also need to see is the amount of foreign direct investment (FDI) flowing into developing countries. Companies that perform well attract a lot of foreign investment and thus increase foreign exchange reserves.CONCLUSIONGlobalizationIn conclusion, international trade is best described as globalization. A globalized business sector touts its viability through rivalry and division of labor. It allows individuals and economies to keep tabs on what they specialize in. It also allows people to go global. Globalization has put a strain on the assets, goods, administrations and markets accessible to individuals. The growing set of dependencies between individuals from distinct parts of a world that happens to be divided into countries