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  1. Dec 2017
    1. Globalisation is a process of deeper international economic integration that involves a rapid expansion of international trade in goods and servicesbetween countries, and a huge increase in the value of transfers of financial capitalacross national boundaries,including the expansion of foreign direct investment (FDI) by transnational companies.The globalisation process in the last decades has accelerated, due in a large part to rapid developments in information and communications technology,resulting in falling transport cost and faster information flows

      This is a text of globalization's definition which includes the characteristics of it.