Answer to Question #212143 in Economics for NARTEY SAMUEL

Question

Discus why globalization is inevitable from the prospective of economics

Answer 1

Globalization, at its most basic, means simply the long-term, secular trend towards ever-greater interpenetration and interdependence of the world's economies. And this is indeed inevitable. Over the centuries, as production processes have developed and grown more sophisticated, their linkages have increased.