2. Globalization
o It lead to reduction and
removal of barriers between
nations in order to facilitate
the flow of goods, capital,
services and labour
oHelps us overcome the
cultural barriers.
3. Impacts of globalization
In business sector
o import and export of goods with other
countries
oHelps in building a business friendly
environment with other countries.
4. Impacts of globalization
Increase in international travel and
tourism
oIt created easier and affordable ways of
travel lead to a greater international travel and
tourism
