The worldwide interconnectedness implies to interlink the world through the free flow of goods and services, technology, ideas and people across the globe to extend globalization.
This contains three components:
1. Capital Flow: It is the flow of resources through loans or business investments among the countries.
2. Trade Flows of Goods: It refers to an exchange of goods among countries.
3. Labour Flow: It refers to ‘Brain drain’ by creating favorable conditions for employment.
