Answer to Question #250679 in Economics for Princess

Question

How have international agreements and organizations influence economic globalization?

Answer 1

Countries throughout the world now communicate and share their cultures and goods through travel and trade. Improved communications enables products to be transported around the world rapidly. Globalisation has increased the production of goods and services.

International organizations help different countries in maintaining standards to ensure safety, achieving economic security by developing countries, establishing norms regarding how countries make trade agreements and resolve conflicts.