What is economic globalization?The world is getting smaller and smaller as the days pass by. This is not the actual size of the Earth, but rather a reduction due to globalization. In simple terms, globalization can be seen as the free movement of resources across borders. Globalization has more to do with cross-border issues or rather with internationalism. Technology makes this effect possible. More than ever before, the world is vastly interconnected and reaching out to someone from one end of a continent to the other end of another continent is as simple as reaching out to a fellow villager in the real neighborhood. The world is becoming a small village. In this light, economic globalization can therefore be described as the economic interdependence of the economies of different countries around the world. This mainly results from increased international movement or exchange of goods and services, technology, capital, knowledge and ideas. Economic globalization is characterized by a strong interconnection of the countries concerned and...