https://www.veritaswiki.org/index.php?action=history&feed=atom&title=Economic_GlobalizationEconomic Globalization - Revision history2026-10-20T00:13:19ZRevision history for this page on the wikiMediaWiki 1.45.3https://www.veritaswiki.org/index.php?title=Economic_Globalization&diff=99&oldid=prevToto: Created English encyclopedia entry on Economic Globalization following Wikipedia-style standards2026-10-06T04:14:19Z<p>Created English encyclopedia entry on Economic Globalization following Wikipedia-style standards</p>
<p><b>New page</b></p><div>'''Economic globalization''' is the increasing integration and interdependence of national economies through the cross-border movement of goods, services, capital, technology, and labour. It is one of the defining features of the modern world economy and has profound effects on growth, employment, and inequality.<ref name="wiki">Wikipedia contributors, "Economic globalization".</ref><br />
<br />
== Definition ==<br />
<br />
Economic globalization refers to the process by which markets, production, and finance become increasingly interconnected across national borders. It encompasses trade in goods and services, foreign direct investment, capital flows, migration, and the diffusion of technology and information.<ref name="wiki"/><br />
<br />
== Dimensions ==<br />
<br />
{| class="wikitable"<br />
! Dimension<br />
! Description<br />
|-<br />
| Trade<br />
| Growth in cross-border trade in goods and services.<br />
|-<br />
| Investment<br />
| Expansion of foreign direct investment and multinational firms.<br />
|-<br />
| Finance<br />
| Integration of capital markets and cross-border capital flows.<br />
|-<br />
| Technology<br />
| Diffusion of technology and information across borders.<br />
|-<br />
| Labour<br />
| Migration of workers across countries.<br />
|}<br />
== Drivers ==<br />
<br />
The main drivers of economic globalization include trade liberalisation, advances in transportation and information technology, the rise of global value chains, and the policies of governments that have opened their economies to trade and investment.<ref name="wiki"/><br />
<br />
== Benefits and criticisms ==<br />
<br />
'''Benefits''' cited include access to larger markets, lower prices, technology transfer, and the diffusion of ideas. '''Criticisms''' include the disruption of domestic industries, rising inequality, the erosion of labour and environmental standards, and the vulnerability of economies to external shocks. These debates are closely related to those over [[Free Trade]] and [[Trade Protectionism]].<ref name="wiki"/><br />
<br />
== See also ==<br />
<br />
* [[Regional Economic Integration]]<br />
* [[Free Trade]]<br />
* [[Trade Protectionism]]<br />
* [[World Trade Organization]]<br />
* [[Development Economics]]<br />
<br />
== References ==<br />
<br />
<references /><br />
<br />
[[Category:Economics]]<br />
[[Category:International economics]]<br />
[[Category:Globalization]]</div>Toto