Globalization
Several definitions of globalization have been introduced:
* Some have argued that globalization is an increase in the volume and growth rates of trade flows and capital flows among countries, and how this definition includes the increasing movements of individuals, messages and ideas among countries.
* Others agree with the former opinion and define globalization as characterized by a set of characteristics that work to internationalize the process of production and the international division of labor and the movement of human migration from the south of the planet to the north.
* Globalization defined the IMF as: (the growing economic cooperation of the total of the Al-States, which is necessitated by the volume of cross-border trade in goods and services, the influx of international capital and the rapid spread of technology throughout the world).
The main feature of globalization is its universality, and it is an economic phenomenon that affects all aspects of social, political, cultural, technological, environmental and human life.
Characteristics of Globalization:
1 / Increase market mechanisms and strive to gain competitiveness.
2 / increasing trend towards mutual economy.
3 / The existence of new patterns of division of international labor.
4 / Increasing role of multinational companies
One of the features of globalization is the increasing role of international economic organizations in managing and deepening globalization through monetary, financial and trade policies that influence economic policies. These institutions are:
1 / International Monetary Fund
2 / World Bank
3 / WTO
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