Confidence intervals consist of a range of values (interval) that act as good estimates of the unknown population parameter; however, in infrequent cases, none of these values may cover the value of the parameter. It does not describe any single sample.
Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology.
Therefore, globalization means homogeneity of prices, products, rates of interests, etc. a strong economy under. globalization requires transparency, but then that transparency might transfer ideologically to the social and. political realms as well.