How has globalisation affected our world today?

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Solution

Globalisation is the whole world under one roof. It would not have been possible without tremendous progress in technology. This has facilitated further improvement of transportation and communication, helping to bridge the gap of distances. The various effects of globalisation are as follows:

1) Spread of ideas and thoughts
2) Increase in money flow, investment and trade
3) Transformation of the world into a giant market

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