Globalization is the process of spreading ideas, goods, and services globally, characterized by economic integration through free trade and capital flow. It consists of three main components: economic, cultural, and political globalization, each impacting international relations and local economies. The global economy is shaped by interconnected activities, influenced by large financial institutions, and necessitates global governance to manage transnational challenges.
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Structures-of-G
Globalization is the process of spreading ideas, goods, and services globally, characterized by economic integration through free trade and capital flow. It consists of three main components: economic, cultural, and political globalization, each impacting international relations and local economies. The global economy is shaped by interconnected activities, influenced by large financial institutions, and necessitates global governance to manage transnational challenges.