Understanding Globalization

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What is the aim of economic globalization?

Facilitating the exchange of goods, services, capital, and the movement of labor

What does economic globalization represent?

The global trend towards economic, financial, and trade integration

What role does the World Trade Organization play in economic globalization?

Liberalizing international trade

What are some actions involved in economic globalization?

<p>Removing customs and non-tariff restrictions and barriers</p> Signup and view all the answers

What have international and transcontinental companies contributed to in terms of globalization?

<p>Transforming the world into a large, sprawling market</p> Signup and view all the answers

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