Keyword Analysis & Research: economic globalization

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What does economic globalization stand for?

Economic globalization refers to the mobility of people, capital, technology, goods and services internationally . It is also about how integrated countries are in the global economy. It refers to how interdependent different countries and regions have become across the world.

What is the definition of globalization in economic terms?

Definition of globalization. : the act or process of globalizing : the state of being globalized especially : the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets.

How is globalization bad for the world economy?

What it Affects Promotes Traits of Commercialism. If you look at the teens of today, of any country that is, you'll find that most of them will be in the same type ... Destroys Ethnic Cultures. With so much emphasis on being global, people are forgetting what is local. ... Affects Local Markets. ... Promotes Danger of Spreading Disease. ... Creates Social Divides. ... More items...

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