Globalization is the increasing interaction and integration between people and companies around the world, driven by international trade and investment and aided by information technology. E-commerce, or online buying and selling, has further enabled globalization by allowing for comparison shopping and access to customers worldwide despite geographical limitations, with benefits including lower costs, increased efficiency, and the spread of technology, culture, education and political cooperation. However, globalization can also lead to issues like job losses, cultural homogenization, and a lack of international regulation.