What does economic globalization mean?
Definitions for economic globalization
eco·nom·ic glob·al·iza·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word economic globalization.
Wikidata
Economic globalization
Economic globalization is the increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of goods, service, technology, and capital. Whereas globalization is centered on the rapid development of science and technology and increasing cross-border division of labor, economic globalization is propelled by the rapid growing significance of information in all types of productive activities and marketization, and the advance of science and technologies. Depending on the paradigm, economic globalization can be viewed as either a positive or a negative phenomenon. Economic globalization comprises the globalization of production, markets, competition, technology, and corporations and industries. While economic globalization has been occurring for the last several hundred years, it has begun to occur at an increased rate over the last 20–30 years under the framework of General Agreement on Tariffs and Trade and World Trade Organization which made countries to gradually cut down trade barriers and open up their current accounts and capital accounts. This recent boom has been largely accounted by developed economies integrating with less developed economies, by means of foreign direct investment, the reduction of trade barriers, and in many cases cross border immigration.
Numerology
Chaldean Numerology
The numerical value of economic globalization in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of economic globalization in Pythagorean Numerology is: 4
Examples of economic globalization in a Sentence
It is undeniable that the current economic globalization has indeed encountered some new problems and new challenges, however, the solution is not to return to protectionism and unilateralism.
It looks like the U.S. just took the scale of the trade frictions to another level, right now, world trade is relatively chaotic. We believe the U.S. measures interfere with economic globalization and damage the world economic order.
Translations for economic globalization
From our Multilingual Translation Dictionary
- العولمة الاقتصاديةArabic
- Globalisierung der WirtschaftGerman
- globalización económicaSpanish
- جهانی سازی اقتصادیPersian
- taloudellinen globalisaatioFinnish
- mondialisation économiqueFrench
- 経済グローバル化Japanese
- 경제 세계화Korean
- økonomisk globaliseringNorwegian
- globalização econômicaPortuguese
- экономической глобализацииRussian
- ekonomisk globaliseringSwedish
- பொருளாதார பூகோளமயமாக்கல்Tamil
- โลกาภิวัตน์ทางเศรษฐกิจThai
- معاشی عالمگیریتUrdu
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"economic globalization." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/economic+globalization>.
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