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International Trade and Economic Globalization

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International Trade and Economic Globalization
GLOBALIZATION | How affects the economy and the trade of the states? | |
Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas.
Jack Welch

Table of Contents

What does globalization mean? 3 Effects of Globalization 6 How globalization affect the economy? 9 Economic Globalization. 9 Features 9 Economical Advantage 9 Reduced Child Labor 10 Transportation 10 Up-Scaling 10 Increased Jobs 10 Intellectual Property 11 The Negative Effects of Globalization on Companies. 11 Decrease in wages 11 Outsourcing Work 11 Workers’ Rights 12 Interdependent Economy 12 Unemployment 12 Export of Financial Capital 12 HOW GLOBALIZATION EFFECT THE TRADE… 14 INTERNATIONAL TRADE 16 BENEFITS OF FREE TRADE 16 GLOBAL TRADE EXCHANGE 16

The world is becoming more and more interconnected. Globalization changes how people consume, work and live almost everywhere of the world. Today, many economic, political, cultural or ecological relationships are not explainable from a national perspective. At the same time, a controversial debate about the consequences of globalization has begun. But what are the main causes for globalization? In what areas it is most prominent? And who are the winners and looser of globalization? How it affects in the economy and the trade of states? The advantages and the disadvantages? All the answers of these questions you will find in this project. But firstly we will show you a video that speaks about globalization .It is really an interesting video that has some important information about globalization and how it affects in economy, culture and politics. http://www.youtube.com/watch?v=3oTLyPPrZE4 What does globalization mean?
Globalization is the system of interaction among the countries of the world in order to develop the global economy. Globalization refers to the integration

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