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The term sometimes also refers to the movement of people (labor) and knowledge (technology) across international borders. A broader aspect of the definition includes cultural, political and environmental dimensions of globalization.
We must consider these four aspects of globalization. Trade, the developing of countries as a whole has increased their share of world trade?from 19 percent in 1971 to 29 percent in 1999. For instance, the newly industrialized economies (NIEs) of Asia have done well, while Africa as a whole has fared poorly. The composition of what countries export is also important...
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Common topics in this essay:
- economic interchange
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