Economic globalization information

Economic globalization is one of the three main dimensions of globalization commonly found in academic literature, with the two others being political globalization and cultural globalization, as well as the general term of globalization.^[1] Economic globalization refers to the widespread international movement of goods, capital, services, technology and information. It is the increasing economic integration and interdependence of national, regional, and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital.^[2] Economic globalization primarily comprises the globalization of production, finance, markets, technology, organizational regimes, institutions, corporations, and people.^[3]

While economic globalization has been expanding since the emergence of trans-national trade, it has grown at an increased rate due to improvements in the efficiency of long-distance transportation, advances in telecommunication, the importance of information rather than physical capital in the modern economy, and by developments in science and technology.^[4] The rate of globalization has also increased under the framework of the General Agreement on Tariffs and Trade and the World Trade Organization, in which countries gradually cut down trade barriers and opened up their current accounts and capital accounts.^[4] This recent boom has been largely supported by developed economies integrating with developing countries through foreign direct investment, lowering costs of doing business, the reduction of trade barriers, and in many cases cross-border migration.

^ Babones, Salvatore (15 April 2008). "Studying Globalization: Methodological Issues". In George Ritzer (ed.). The Blackwell Companion to Globalization. John Wiley & Sons. p. 146. ISBN 978-0-470-76642-2.
^ Joshi, Rakesh Mohan (2009). International Business. Oxford University Press, Incorporated. ISBN 978-0-19-568909-9.
^ James et al., vols. 1–4 (2007)
^ ^a ^b Gao 2000, p. 4.

[Ritzer2008-146-1] Babones, Salvatore (15 April 2008). "Studying Globalization: Methodological Issues". In George Ritzer (ed.). The Blackwell Companion to Globalization. John Wiley & Sons. p. 146. ISBN 978-0-470-76642-2.

[Joshi,_Rakesh_Mohan_19309-2] Joshi, Rakesh Mohan (2009). International Business. Oxford University Press, Incorporated. ISBN 978-0-19-568909-9.

[James_et_al.,_vols._1-4_2007-3] James et al., vols. 1–4 (2007)

[FOOTNOTEGao20004-4] Gao 2000, p. 4.

Economic globalization information

and 27 Related for: Economic globalization information

Economic globalization

Globalization

Political globalization

World Economic Forum

Criticisms of globalization

Global North and Global South

Trade globalization

Outline of globalization

Global city

Cultural globalization

First globalization

Democratic globalization

Dimensions of globalization

Environmental globalization

Neoliberalism

Economic liberalism

Global studies

History of globalization

Global economic crisis

Global politics

Economic freedom

Deglobalization

Outsourcing

Global financial system

Globalization and disease

Globalism

Multinational corporation

Neoliberalism
Part of the Politics series on
Ideas Austerity Balanced budget Denationalization Deregulation Economic freedom Economic integration Economic interdependence Economic liberalization Foreign direct investment Free markets Free trade (area) Globalization Intellectual property Laffer curve Marketization Market economy Mundell–Fleming model Privatization Public–private partnership School vouchers Shock therapy Single market Structural Adjustment Programme Supranationalism Tax cuts
Economics Austrian School Chicago School Monetarism Neoclassical Supply-side Trickle-down
Movements Fiscal conservatism Fujimorism Thatcherism Third Way New Democrats Positive non-interventionism Reaganomics Rogernomics Economic liberalization in India
Governance Association of Southeast Asian Nations Bank for International Settlements European Central Bank European Union Federal Reserve Greater Arab Free Trade Area International Monetary Fund MERCOSUR North American Free Trade Agreement Regional Comprehensive Economic Partnership World Bank World Trade Organization
Organizations Mont Pelerin Society Chicago boys World Economic Forum Adam Smith Institute Third Way
People Friedrich Hayek Ludwig von Mises Walter Lippmann Louis Rougier Milton Friedman James M. Buchanan Augusto Pinochet Margaret Thatcher Ronald Reagan Yasuhiro Nakasone Roger Douglas Alan Greenspan Hernando de Soto Alberto Fujimori Bill Clinton
Related topics Anti-capitalism Anti-globalization Alter-globalization Authoritarian capitalism Blatcherism Criticism of capitalism Criticism of intellectual property Market fundamentalism
Capitalism portal Economics portal Politics portal
v t e