AI-Generated Summary

Globalization has significantly transformed economies, cultures, and societies worldwide by increasing interconnectedness through trade, technology, and communication. It has fueled economic growth, enabling businesses to expand globally and access new markets, while fostering cultural exchange and diversity. However, it has also led to challenges such as economic inequality, environmental degradation, and the erosion of local traditions. Technological advancements, particularly the internet, have accelerated globalization, making information and resources more accessible. Despite its benefits, critics argue that it often favors wealthier nations, exacerbating disparities. Globalization remains a complex and multifaceted phenomenon, shaping the modern world in both positive and negative ways.