Economic Globalization: Types and Its Positive & Negative Impacts

Abstract

The study of this paper related to globalization and the main concerns on Economic globalization which is referred to the mobility of people, capital, technology, goods and services internationally. Economic globalization includes those people. They are well familiar with the international economic situation. Are several characteristics such as competence of the legal and cultural structures of other nations, foreign languages and advanced technology. In simple words, Economic globalization is related to the increasing interdependence of world economies which results in the growing scale of flow of international capital, cross-border trade of commodities and services, and wide and rapid spread of technologies. This paper explores how the natural types of globalization are negative and positive impacts on economic globalization. Economic globalization involves a wide variety of processes, opportunities and problems related to the spread of economic activities among countries in the world.