The Globalization Challenge

Globalization is the process by which ideas, knowledge, information, goods, and services spread around the world.

In an economic context, globalization is used to describe integrated economies characterized by free trade, free movement of capital between countries, and easy access to external resources.

Economic globalization refers to the growing interdependence of the world economies through cross-border business trade and services.

<p>Globalization encourages greater interaction, integration, and interdependence between countries.</p> Signup and view all the answers

<p>Globalization is the driving force behind the convergence of cultural and economic systems.</p> Signup and view all the answers