Globalization

Economic globalization refers to the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, as well as the flow of international capital, and rapid spread of technologies. It has a significant impact on the interconnectedness and interdependence of global economies.

UN Fair Trade is the concern of social, economic, and environmental well-being of marginalized small producers and sustainability.

The downside of globalizing trade is the lack of sustainability, which refers to the degree to which the earth’s resources can be used for our needs, even in the future.

<p>The relationship between globalization and sustainability is multidimensional, involving economic, political, and technological aspects.</p> Signup and view all the answers

<p>Sustainable development is the development of our world today by using the earth’s resources and the preservation of such resources for the future.</p> Signup and view all the answers