History and impacts of globalization10/29/2023 ![]() Globalization in its basic economic sense refers to the adoption of open and unfettered trading markets (through lowering of trade barriers, removal of capital controls, and liberalization of foreign exchange restrictions). ![]() Globalization indicates that the world today is more interconnected than before. It is a controversial term and has been defined in several different ways. The term “Globalization” has been widely used in the last fifteen years. Impact of Globalization And Its Effect on Society ![]() ![]() Globalization in its basic economic sense refers to the adoption of open and unfettered trading markets through lowering of trade barriers, removal of capital controls, and liberalization of foreign exchange restrictions.,
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