Answer to Question #220326 in Economics for Nana A

Question

Analyse the various conceptual issues associated with globalisation

Answer 1

Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.

There are at least five different dimensions of the globalization that need to be distinguished: the economic globalization, the political globalization, the common ecological constraints, the cultural institutions and values and the globalization of the communication.