Globalization in Economics

The process of increased economic integration and interdependence among countries through the expansion of trade, investment, and technology flows.

The removal or reduction of barriers to international trade, such as tariffs and quotas, to promote the free flow of goods and services across borders.

Investment made by a company or individual in one country in business interests in another country, in the form of establishing operations or acquiring assets.

Large companies that operate in multiple countries, with production facilities, subsidiaries, and sales networks across different regions.

Networks of suppliers, producers, and distributors that work together to design, produce, and deliver goods and services on a global scale.

Technologies that facilitate the processing, storage, and exchange of information, including the internet, telecommunications, and digital platforms.

The process of linking national financial systems and markets to enable the free flow of capital, investments, and financial services across borders.

Agreements between countries within a specific region to reduce trade barriers and promote economic cooperation, such as the European Union and NAFTA.

An economic ideology that advocates for free markets, limited government intervention, privatization, deregulation, and trade liberalization.

An international financial institution that provides financial assistance, economic policy advice, and technical assistance to member countries facing economic challenges.