Prospect and Setbacks of Globalization to National Economies in the New Century

Prospect and Setbacks of Globalization to National Economies in the New Century Introduction <Tab/>Globalization (or globalisation) in its literal sense is a social change, an increase in connections among societies and their elements due to, among others, the explosive evolution of transport and communication technologies. The term is applied to many social, cultural, commercial and economic activities. Depending on the context it can mean: (a)closer contact between different parts …

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