Globalization refers to the increasing interconnectedness and integration of economies, societies and cultures across international borders. Key factors driving globalization include the internationalization of finance, technological innovation, and the growth of global consumer markets. While globalization has increased economic well-being in many areas, it has also led to economic decline in some regions and a loss of local cultural diversity as global products spread. Views on the impacts of cultural globalization range from seeing it as beneficial in promoting integration, to harmful if it leads to the destruction of local cultural heritage and identity.