Globalization is defined as the increased interconnectedness and interdependence of people and countries through the opening of international borders and fast flow of goods, services, finance, people and ideas globally. It involves the free flow of goods, capital, technology, labor, and ideas across national borders. Key aspects of globalization include the economic integration and expansion of capital across borders, the spread of global culture and values, and the development of international political organizations to address global issues. Globalization has led to a more interconnected world with increased economic competition and the growth of multinational corporations operating on a global scale.