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Economic globalization can be defined as the process by which markets and production in different countries are becoming increasingly interdependent due to the dynamics of trade in goods and services and flows of capital and technology. It is not a new phenomenon but the continuation of developments that have been in train for some considerable time.
(European Commission, 1997, p45)
Wiki User
∙ 13y ago
Wiki User
∙ 7y agoGlobalization 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.
Wiki User
∙ 14y agoincreasing world integration through trade, financial flow and knowledge. or process by which the people of the world are unified into a single society and function together.
Wiki User
∙ 15y agoThe positive results and advantages in industrialization are that it relived pressure and also helped ease the pressure on certain problems.
Wiki User
∙ 12y agoA
trend where companies do not consider national boundaries when they decide where to but and sell goods and services.
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Why can globalization lead to radically unequal economic growth?
An unequal distribution of economic power
How do people the US benefit from globalization?
Economic growth is one way that people in the United States benefit from globalization.
What aims to eliminate tariffs and other economic barriers?
Globalization
How do people in the united states benefit from globalization?
Economic growth is one way that people in the United States benefit from globalization.
What factors drove economic globalization after World War 2?
Booobooo
Is globalization driven by trade?
Depending on the category of globalization, yes and no. For the economic definition of globalization, yes it is based on trade. However, for the historical context of globalization, it is based on culture.
Definition of Competition State Anxiety?
The promotion of economic competitiveness and competition as a political priority in response to globalization's lowering of economic borders between countries.
How has the globalization trend affects economic operation of Nigeria?
How has the globalization trend affects economic operation of nigeria?"
Definition of social globalization?
interconnected
Does globalization reduce national sovereignty in economic policy-making?
No, globalization does not reduce national sovereignty in economic policy making. In fact, globalization has been shown to strengthen incentives for governments to create a stronger economy.
What has the author Volker Freystedt written?
Volker Freystedt has written: 'Equilibrismus' -- subject(s): Economic aspects, Economic aspects of Globalization, Economic policy, Environmental aspects, Environmental aspects of Economic policy, Environmental economics, Globalization
Why can globalization lead to radically unequal economic growth?
An unequal distribution of economic power
What has the author Stefanie Knauder written?
Stefanie Knauder has written: 'Globalization, urban progress, urban problems, rural disadvantages' -- subject(s): Economic aspects of Globalization, Economic conditions, Globalization, Poverty, Rural conditions, Urbanization
What has the author L W Sondakh written?
L. W. Sondakh has written: 'Globalisasi & desentralisasi' -- subject(s): Decentralization in government, Economic aspects of Decentralization in government, Economic aspects of Globalization, Economic conditions, Economic policy, Globalization
How do people the US benefit from globalization?
Economic growth is one way that people in the United States benefit from globalization.
Is Economic globalization guided by the World Trade Organization?
YES
What aims to eliminate tariffs and other economic barriers?
Globalization
