It is generally understood to include two inter-related elements: the opening of international borders to increasingly fast flows of goods, services, finance, people and ideas and the changes in institutions and policies at national and international levels that facilitate or promote such flows.” What Is Globalization in the Economy?Īccording to the Committee for Development Policy (a subsidiary body of the United Nations), from an economic point of view, globalization can be defined as:
Globalization – what is it? What is the definition of globalization? Benefits and negative effects? What are the top examples of globalization? What famous quotes have been said about globalization? What is Globalization? All Definitions of Globalization A Simple Globalization Definition
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