Economic globalization is the tendency of countries to be less involved less in their domestic markets, and taking a more active part in international markets especially with regard to the import and export trade of goods, services, technologies, and capita.
Characteristics of a globalization:
Globalization has several key characteristics such as economic integration which deals with abolition of tariffs and taxes between countries. This leads to the development transnational trade which reduces the cost of goods for consumer. Globalization of economic activities is another key feature of globalization. In this case, the domestic and international markets control economic activities which leads to the Continue reading...