Economic Globalisation

Economic globalisation refers to the increasing integration and interdependence of national economies through cross-border flows of goods, services, capital, technology, and labor. It involves the expansion of international trade, foreign direct investment, and global financial markets, driven by trade liberalization, technological advancements, and the activities of multinational corporations. This process links state and non-state actors in a complex web of economic relationships, fostering both opportunities for growth and challenges such as inequality and economic vulnerability.