The Contemporary World: Globalization. Please define and explain. 1.) Define and explain the economic globalization. 2.)...

The Contemporary World: Globalization. Please define and explain.

1.) Define and explain the economic globalization.

2.) Who are the actors of global economy? Identify the actors of Global Economy.

Thank you very much

Expert Solution

Interpreting the question into two

economic globalisation
actors of global economy

Economic globalisation

It is the increased dependency between national economy due to the flow of goods and services, capital, technology between the borders(import and export) in the world.
How well the integration of countries are in global economy is determined by the economic globalisation.
This shows the interdependence between countries in the trade and flow of services, goods etc.
It gives more wealth to the nation by globalisation.

actors of global economy

International govt organisations, international non governmental organisations, migrants, are the 3 actors of economic globalisation.
International govt organisations are those two countries work together with common aim in a faithful manner.
Non governmental are mainly charitable organisations giving help for developing countries.
Migrants means movement of people across country sharing technologies and ideas.

hope this helps

Rahul Sunny answered 1 year ago

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