The Nomad Economist: Globalization – The Rise and Fall of an Idea that Swept the World

The Nomad EconomistPremiered Mar 16, 2022 Globalization refers to the integration of markets in the global economy, leading to the increased interconnectedness of national economies. The markets where globalization is particularly significant, include financial markets, such as capital markets, money and credit markets, and insurance markets, commodity markets, including demands for oil, coffee, tin, and gold, and product markets, such as markets for motor vehicles and consumer electronics. The globalization of sport and entertainment is also a feature of the late 20th and early 21st centuries. Globalization means that the world is becoming interconnected by trade and culture exchange. In…