Question

which elements define the defination of globalization

Answer 1

Explanation:

The major elements of globalization - the impact of trade agreements; the fetters on cross- border capital movements; the effects of migration patterns; the accessibility and transparency of information; and the spread of technology – ebb and flow from the vicissitudes of political, cultural, and economic conditions.

Answer 2

Explanation:

Globalization can be considered a process: a lengthy and often times convoluted process in which movement in one direction or the other is estimated by porous boundaries, shifting alliances, and seemingly contradictory patterns. The major elements of globalization - the impact of trade agreements; the fetters on cross- border capital movements; the effects of migration patterns; the accessibility and transparency of information; and the spread of technology – ebb and flow from the vicissitudes of political, cultural, and economic conditions.

Below is an explanation of the characteristic elements attached to Globalization:

Trade Agreements - Bilateral, regional or multilateral economic arrangements designed to reduce or eliminate trade barriers.

Capital Flow - Measurement of an increase or decrease in a nation’s domestic or foreign assets.

Migration Patterns - Impact of labor market fluidity on production costs through the loss (emigration) or gain (immigration) of potential workers, especially those with particular skills.

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