Globalization can be defined as the increasing interaction and integration between governments and people around the world. It has had significant economic and cultural impacts. Economically, globalization has led to rising international trade and foreign direct investment. It has also increased competition with new communication technologies. Culturally, globalization has resulted in new global professions and the spread of pop culture worldwide. It has made the world feel smaller, like a global village where ideas and practices can be freely exchanged.