Understanding Globalization: Types, Causes, and Effects
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Types of Globalization
Economic Globalization
Economic globalization refers to the increasing interdependence of world economies. This results from the growing scale of cross-border trade of commodities and services, the flow of international capital, and the wide and rapid spread of technologies. Countries that trade with many others and have few trade barriers are considered economically globalized.
Political Globalization
Political globalization refers to the growth of the worldwide political system, both in size and complexity. It involves the increasing number and power of international organizations and agreements. It is the amount of political cooperation that exists between different countries.
Social Globalization
Social globalization pertains