How do you understand the term "globalization"?用英语回答

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How do you understand the term "globalization"?
用英语回答

Globalization is a process of interaction and integration among the people,companies,and governments of different nations,a process driven by international trade and investment and aided by information technology.This process has effects on the environment,on culture,on political systems,on economic development and prosperity,and on human physical well-being in societies around the world.

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