Overview
Globalization and economic policy are intertwined concepts that shape the modern world. Globalization refers to the increasing interconnectedness of economies, cultures, and populations, driven by trade, technology, and investment. Economic policy, on the other hand, encompasses the strategies gover...
Key Terms
Example: The rise of multinational corporations is a result of globalization.
Example: Fiscal policy involves government spending and tax decisions.
Example: NAFTA is an example of trade liberalization in North America.
Example: Foreign direct investment is a type of capital flow.
Example: The European Union represents a high level of economic integration.
Example: Environmental regulations can impact trade policies.
Related Topics
Key Concepts
trade liberalizationcapital flowseconomic integrationpolicy frameworks