Question #70952

What are the economic principles of a globalized economy?

Expert's answer

Economic globalization refers to the free movement of goods, capital, services, technology and information. It is the increasing economic integration and interdependence of national, regional, and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital.
Reference:
https://en.wikipedia.org/wiki/Economic_globalization
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