Globalization has become identified with a number of trends, most of which may have developed since World War II. These include greater international movement of commodities, money, information, and people; and the development of technology, organizations, legal systems, and infrastructures to allow this movement.
· Economically
ü Increase in international trade at a faster rate than the growth in the world economy
ü Erosion of national sovereignty and national borders through international agreements leading to organizations like the WTO and OPEC
ü Development of global financial systems
ü Increased role of international organizations such as WTO, WIPO, IMF
ü Increase of economic practices like outsourcing, by multinational corporations
· Culturally
ü Greater international cultural exchange,
ü Spreading of multiculturalism, and better individual access to cultural diversity
ü Greater international travel and tourism
ü Greater immigration, including illegal immigration
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