Economics Globalization Questions
Globalization in economics refers to the increasing interconnectedness and integration of economies around the world through the exchange of goods, services, capital, and information. It involves the removal of barriers to trade and investment, the expansion of multinational corporations, and the development of global supply chains. Globalization has led to increased economic interdependence among countries, allowing for the flow of goods and services across borders, the transfer of technology and knowledge, and the movement of capital and labor.