Globalization in the economy: the elimination of barriers in international trade

[shammis606]

Globalization is a recent phenomenon that, in just a few years, has managed to impact the way in which various social and transactional dynamics develop, strengthening the interconnections and relationships between different countries and regions of the world .

It is a process that began during the 20th century and represents the how overseas chinese contribute to business in the usa elimination of barriers in aspects as relevant today as international trade.

In addition to having a global economic connotation, it is also related to perspectives that involve various scenarios ranging from the social to the technological. In short, globalization is a process that encompasses all aspects relevant to the development of society.

If you want to know more about the concept of globalization , be sure to read this article because we will delve into its impact on the economy, its importance and benefits.

Globalization: What is it and what types of globalization exist?
As we mentioned in the introduction of this article, globalization can be considered as a process focused on reducing gaps between the different nations of the world, understanding these gaps from economic, cultural, political-social and technological perspectives.

It was thanks to technological developments and innovations that globalization managed to take on a leading role in society, with its most notable impact being in the field of economics, as it gave way to commercial and financial transactions for the exchange of goods and services on a global level.

Although the economy plays a prominent role in globalization , which we will explore in more depth later, there are other concepts that are related to it and that, in the same way, impact society and the world.



Types of globalization:
In the previous lines we mentioned that globalization focuses on increasing and improving interconnections and/or relations between countries. To achieve this objective, globalization addresses specific issues of common interest to the world from four main perspectives:

Social and political globalization
Cultural globalization
Technological globalization
Economic globalization
Each of these plans is notable for addressing issues that seek the integration of countries and governments in support of policies or initiatives that resolve a common problem.

Below, we will provide a brief description of the first three types of globalization ; the fourth, which corresponds to economic globalization , will be developed more deeply throughout the article, as it is its central theme.

Social and political globalization: within this type of globalization, the social premise is identified, which focuses on a world with equality where everyone is treated the same way, regardless of their social status, origin or convictions.
On the other hand, the political premise is also addressed, which encourages countries to work together and in unity to resolve problems that affect society in general. The objective of this type of globalization is to conceive the world and its problems as a matter of common interest and not of a single group or region.

Cultural globalization: This type of globalization seeks to unify the use of tools, the implementation of specific practices, and the adoption of traditions and values ​​between cities, regions, and countries, with the aim of spreading knowledge and broadening the worldview in different societies.
Technological globalization: This is perhaps, along with economic globalization, one of the most important types, since, in a nutshell, it focuses on the standardization and expansion of access to technological tools and means. Technological globalization has been responsible for information breaking down barriers and crossing borders, causing people to reevaluate and expand their vision of the world.
What is economic globalization?
Economic globalization focuses on integrating countries nationally, regionally, and internationally, from productive, commercial, and financial aspects. The objective of integration is to achieve the efficient transaction of goods and services, technology, and information between each of the countries.

This type of globalization consists of the elimination of barriers to international trade in goods and services, as well as the expansion and ease of mobility of financial capital and human capital to other destinations.