Globalization
a.k.a. Globalisation
The growing connection of the world's economies through trade, investment, technology and the movement of…
In plain English
The growing connection of the world's economies through trade, investment, technology and the movement of people.
Globalization means goods are made in one country with parts from ten others, money moves across borders in seconds and shocks travel fast.
It helped keep prices low for decades by spreading production to cheaper places. Recent years of tariffs and supply-chain worries have led to talk of 'deglobalization'.
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