Dimensions of Market Globalization
2.4 Learn the dimensions of globalization.
The globalization of markets can be characterized by several major dimensions.
Integration and interdependence of national economies. Internationally active firms develop multi-country operations through trade, investment, geographic dispersal of company resources, and integration and coordination of value-chain activities. The collective activities of such firms give rise to economic integration, that is, increased trade and other commercial activities among the nations of the world. Governments assist this integration by lowering barriers to international trade and investment, harmonizing their monetary and fiscal policies within regional economic integration ...
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