Globalization has made the world a more connected and interdependent place, but it has also had negative economic impacts and perpetuated social inequality within and between countries. Globalization has contributed to the rise of wage inequality by promoting the imports of manufactured goods that rely mainly on low-skilled labor from developing countries. At the same time, it has created more export opportunities for high-tech industries, which rely more on high-skilled labor. These two factors have contributed to an increase in the wage gap between high-skilled and low-skilled workers (Hauk, 2019). There are two sides to the globalization coin. It can be a force for both the reduction and worsening of inequalities. Globalization has enabled people worldwide to access free markets with minimal barriers and consistent regulation enforcement. Explain in detail regarding globalization.