Globalization In The Economy

Globalization in the economy

Introduction

The role of commercial variables and globalization within the international economy is to integrate the different economy models so that international trade activities are effectively regulated and of course oriented to development and international profitability.

In a first approach by economic globalization, the fact that an increasing part of economic activity in the world is carried out between people and companies that live in different countries can be understood. Globalization thus implies a situation in which borders are disappearing for companies and in general economic agents, and national markets cease to be the basic reference for their activity. 

Developing

This variations where exactly goes? The purpose of the variables is to control the path to appropriate economic decisions so that the children are always subject to the big. Despite the above the economic dimensions of globalization and commercial activity will be indefinitely grouped together. Demand is a very important variable that is based on sociocultural characteristics and of course economic.

Due to these characteristics, the products and consumer customs of each nation define the estimate of purchases and their use. In commercial daily life competition is a variable that directly has a direct impact on prices, this applies to both large and small companies. With the aforementioned globalization and its great technological scopes make it possible for all consumers to have pricing information available to a click.

Legal and political determinations is another great aspect to consider, since the situations of each nation decrease freedom for each organization to apply its prices. Globalization thus implies a situation in which borders are disappearing for companies and in general economic agents, and national markets cease to be the basic reference for their activity. 

Globalization is therefore the process by which the economies of the world are increasingly integrated, in particular through trade and financial flows, but also through movements of people and knowledge. A growing part of the expense in goods and services is directed towards imports from other countries. In parallel, a growing part of the goods and services that countries produce are exported. Globalization is not a new, specific phenomenon of current times. It has been a feature of the evolution of humanity since ancient times.

conclusion

In the modern era, globalization registered a great expansion to fines of the nineteenth century, especially among the countries that were then more advanced. In the first decades of the twentieth century globalization suffered a setback, as a consequence to a large extent of the promotion of protectionist policies. After World War II, he received a new impulse, with the adoption, in the western world, of a set of international policies and organizations that favored the development of international economic exchanges.