What is economic globalization?

Economic Globalization Questions



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What is economic globalization?

Economic globalization refers to the increasing interconnectedness and integration of economies around the world through the flow of goods, services, capital, and information. It involves the expansion of international trade, investment, and financial transactions, as well as the development of global supply chains and the establishment of multinational corporations. Economic globalization is driven by advancements in technology, transportation, and communication, and it has led to increased economic interdependence among nations, the emergence of global markets, and the growth of global economic institutions.