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Globalization
- Or "International Integration"
- Globalization implies the opening of local and nationalistic perspectives to a broader outlook of an
interconnected and interdependent world with free transfer of capital, goods, and services across
national frontiers.
- Types of Globalization: (3 main types)
- Economic, Cultural, Political
- Economical : A worldwide economic system that permits easy movement of goods,
production, capital, and resources (free trade facilitates this) Example: NAFTA, EU, Multinational
corporations
- Cultural: Merging or “watering down” of the world’s cultures e.g. food, entertainment, language, etc.
- Political: countries are attempting to adopt similar political policies and styles of government in
order to facilitate other forms of globalization. E.g. move to secular governments, free trade
agreements, etc
- Economical : A worldwide economic system that permits easy movement of goods,
production, capital, and resources (free trade facilitates this) Example: NAFTA, EU, Multinational
corporations
- Economic, Cultural, Political
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