Search results
Results from the WOW.Com Content Network
Economic globalization is the intensification and stretching of economic interrelations around the globe. [3] [4] It encompasses such things as the emergence of a new global economic order, the internationalization of trade and finance, the changing power of transnational corporations, and the enhanced role of international economic institutions.
Yu Xintian noted two contrary trends in culture due to economic globalization. [72] Yu argued that culture and industry not only flow from the developed world to the rest, but trigger an effort to protect local cultures. He notes that economic globalization began after World War II, whereas internationalization began over a century ago. [73]
Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. [1]
[3] In the spirit of "trade not aid," the NIEO called for changes in trade, industrialization, agricultural production, finance, and transfer of technology. [1] The United Nations General Assembly adopted the "Declaration for the Establishment of a New International Economic Order" and its accompanying program of action on 1 May 1974. [4]
Existential threats are converging–and they are a direct result of a global economic model that blossoms at the expense of the environment and society.
In the post-World War II period, states sacrificed globalization while embracing democracy at home and national autonomy. [7] The trilemma suggests that the backlash against globalization in the last few decades is rooted in a desire to reclaim democracy and national autonomy, even if it undermines economic integration. [ 7 ]
International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. It seeks to explain the patterns and consequences of transactions and interactions between the inhabitants of different countries ...
The No-Nonsense Guide to Globalization is a book by Wayne Ellwood, an editor for the New Internationalist. It was first published in 2001 by Verso Books . It covers topics such as globalization around the world, the Bretton Woods Institutions , developing countries' debt , poverty, the environment, and possible means of redesigning the global ...