What are the benefits of globalisation and who benefits from globalisation?

Globalization fosters economic growth by facilitating trade, investment, and the exchange of ideas across borders, leading to increased efficiency and innovation. It benefits consumers through access to a wider variety of goods and services at lower prices. Additionally, multinational corporations and developed nations often reap significant advantages, including expanded markets and greater profit margins. However, while many individuals and businesses benefit, the effects can be uneven, sometimes leading to job displacement and economic inequality in less developed regions.