Understanding Globalization: Definitions, Effects, State Role, and Brazil

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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Globalization Analysis

The Captain and Globalization: Level of Process

Why toward the economic sphere? One cannot lose sight of the fact that the world economy entered a phase of structural tensions of unprecedented scope. The economy cannot be analyzed individually due to other factors.

Effects of Globalization

Effects of globalization:

• Interest rates in international markets suffered a sharp rise and violent transfer of capital into the U.S.
• The apex of tension in the global economy is inflation in the U.S. economy.
• Reduction of the rate of savings as a result of negative imbalances of the federal government.
• The U.S. stopped being the main creditor and supplier to the world.
• Extensive destruction and reconstruction of the economies of Eastern Europe.
• A comprehensive institutional change opens up tremendous opportunities for participation abroad.
• The weakening of economic policy instruments.
• International political cooperation.

How the State Faces This Process

In principle, the role of the state is responsible for regulating relations within policy areas, economics, etc. With the advance of the economic interface circuit and simulator, socio-cultural issues also become the responsibility of the state.

Brazil's Measures for National Identity

The measures taken are:

• Expansion of an internal environment that consists of a constellation of key regional capitals.
• Inputs and skilled technical labor from more developed countries of Europe.
• Financing of reproductive invention.
• Generation of effective demand.
• Transfer the use of foreign exchange generated by exports.
• The project should be based on their historical past.