Understanding Globalization: Impact, History, and Future
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Globalization
Markets and companies tend to spread around the world, reaching a dimension that overtakes the national borders, and that is globalization. It is achieved through the exchange of goods, services, information, knowledge, and culture. Due to technology and its advances, communications, science, transports, and industry, globalization has grown faster in the last few years.
According to the World Bank, it is important to know that economic globalization is not a new tendency, but it has always existed in the history of humanity. In fact, what we currently know as developed countries was formed at the end of the nineteenth century.
According to the World Bank, the international economic integration pace sped up in the 80s and 90s decades,... Continue reading "Understanding Globalization: Impact, History, and Future" »