Question

HELP PLEASE Economic globalization refers to the economic _____ of nations resulting from mutual _______.

Answer 1

Answer:

Economic globalization refers to the economic interdependence of nations resulting from mutual trade.

Explanation:

Economic globalization is the process of enhancing economic integration between countries, that leads to the merger of individual national markets into one global market.

Economic globalization includes the globalization of production capacities, markets, competition, technology, corporations and industries.

Manifestations of economic globalization have been observed over the past millennia, since the advent of international trade. However, in the last 30 years, there has been a rapid increase in the pace of this phenomenon. This surge has been driven to a large extent by the process of integrating the economies of developed countries with the economies of developing countries. The processes of foreign direct investment, the reduction of trade barriers and the modernization of the economies of developing countries contribute to these phenomena.

Answer 2

Answer:

FIRST: interdependence

SECOND: trade

Explanation:

Definitions:

FIRST

independence = rely on self

interdependence = rely on others

isolation = without contacting others

SECOND

trade = buying from and selling to others

hostility = unfriendly

boycott = protest by not using a good/service

Economic = to do with goods/services

Globalization = international (like with others) business

Economic globalization refers to the economic INTERDEPENDENCE of nations resulting fro mutual TRADE.