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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1468 |
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Again this definition is non-specific and leaves a lot to be explained.
On the other hand, many definitions see globalisation as a dominantly economic phenomenon, involving the increasing interaction, or integration, of national economic systems through the growth in international trade, investment and capital flows...
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This can be illustrated by the definition of globalisation according to the International Monetary fund, which states that: "Globalisation is the economic interdependence of countries worldwide through the increasing volume and variety of cross- border transactions in goods and services, free international capital flows, and a more rapid and widespread diffusion of technology"...
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