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What is Understanding Globalization: Key Concepts about?

Globalization can be defined in many ways but generally refers to the increasing interconnectedness and interdependence of peoples and countries through trade, immigration, foreign investment and flows of information. Key drivers of globalization include reduced transportation and communication costs, growth of multinational corporations, free trade agreements and market liberalization. While advocates argue globalization increases productivity and living standards, critics argue it benefits the wealthy and

Author

JEMALYN TURINGAN

Language

EN