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What is globalization? How do you think it might have affected the economy over the past decade?
Effect of Globalization on the economy:
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Chapter 1
Welcome to Economic
Introduction
How Markets Work
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globalization refers to the growing economic, political and cultural relationships among people of the world. What it means is just that, um, in a more global sense, everybody is just more connected to each other. So how has it affected the economy over the past decade? Um, you know, one thing is that, ah, people have easier access to trade other product and service is it allows people to, um have easier access to the best products around the world. It's not necessarily just whatever is in your local hometown anymore. And another way it could have impacted the economy. Is that country's air more interdependent? Um, you have, ah, coalitions and, um, trees and alliances between different countries that allow them to either help each other. Or maybe it's in a way to hurt another country. So it's just that people are more Hendon and, um, because they're interdependent. That could be good or bad. That
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