Understanding Globalization: Definitions, Effects, State Role, and Brazil
Classified in Social sciences
Written on in English with a size of 2.58 KB
Identifying Globalization Definitions
Globalization allows connecting people worldwide, which allows the dissemination of all information. Different elements:
- It is a socio-cultural phenomenon made possible by technological advances.
- Relates to the opening of the economy and borders.
- Multiplicity of linkages and interconnections that transcend nations.
IMF Definition of Globalization
According to the IMF, globalization increases interdependence among countries. This leads to significant competition between firms in different places competing for the same market but in different ways. This results in people having great proposals but in different places and cultures.
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