Economic globalization refers to raising of economic interdependence of national economies across the globe as a result of a rapid increase in cross-border movement of goods, service, technology and capital. This process of increasing economic integration between countries, directing to the appearance of a global marketplace or a single world market. This type of globalization consists of the globalization of production, markets, competition, technology, and corporations and industries.
Economic globalization refers to raising of economic interdependence of national economies across the globe as a result of a rapid increase in cross-border movement of goods, service, technology and capital. This process of increasing economic integration between countries, directing to the appearance of a global marketplace or a single world market. This type of globalization consists of the globalization of production, markets, competition, technology, and corporations and industries.
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