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Explain what you understand by the economic notion of ‘globalization’ using empirical evidence, describe how such globalization has affected the development. Globalization and international business the concept of globalization – putting everything into one village the process of integration and convergence of. Globalisation essay the development of the world economy and international relations becomes vulnerable to the overwhelming impact of globalisation which affects all. Essay # 1 introduction to globalization and international business: the forces of globalization have hardly been as intense before as to be explicitly evident as.