Blog assignment 4. What is the relation between economics and globalization / KIM JUNG SEUNG

Summary


Globalization refers to the integration among societies and economies across the globe. The process of globalization ensures the integration individual national economies with the global economy.

International economic relations play an important role in the growth of economies across the world. For economic relations between nations to be successful, a number of conditions need to be fulfilled. Unrestricted movement of goods and services, flow of capital, mobility of workforce, and reduction of regulatory obstacles need to be ensured for successful economic relations.

Globalization has played an important role in fostering economic relations among nations across the world. In the era of globalization, countries have realized that economic co-operation with other nations is strategically important for the growth of the economy.



Interesting



Globalization ensures easier movement of goods and services across nations. This is an absolute necessity for fostering international economic relations.



Discussion



I want to know how the hostile countries solve this globalization.


Comments