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)
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.
increasing 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.
The positive results and advantages in industrialization are that it relived pressure and also helped ease the pressure on certain problems.
A
trend where companies do not consider national boundaries when they decide where to but and sell goods and services.
An unequal distribution of economic power
Economic growth is one way that people in the United States benefit from globalization.
Globalization
Economic growth is one way that people in the United States benefit from globalization.
Booobooo
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.
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?"
interconnected
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.
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
An unequal distribution of economic power
Stefanie Knauder has written: 'Globalization, urban progress, urban problems, rural disadvantages' -- subject(s): Economic aspects of Globalization, Economic conditions, Globalization, Poverty, Rural conditions, Urbanization
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
Economic growth is one way that people in the United States benefit from globalization.
YES
Globalization