The Nomad Economist: Globalization – The Rise and Fall of an Idea that Swept the World


The Nomad Economist
Premiered Mar 16, 2022

Globalization refers to the integration of markets in the global economy, leading to the increased interconnectedness of national economies.

The markets where globalization is particularly significant, include financial markets, such as capital markets, money and credit markets, and insurance markets, commodity markets, including demands for oil, coffee, tin, and gold, and product markets, such as markets for motor vehicles and consumer electronics.

The globalization of sport and entertainment is also a feature of the late 20th and early 21st centuries.

Globalization means that the world is becoming interconnected by trade and culture exchange.

In this video, we will look at the reasons for globalization and its positive and negative influences.

So What is Economic Globalization, and what is Free Trade? Globalization is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange.

Globalization has increased the production of goods and services. The biggest companies are no longer national firms but multinational corporations with subsidiaries in many countries.

 Globalization has been taking place for hundreds of years but has sped up enormously over the last half-century.

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