Asked by Britney Roxanne on May 10, 2024
Verified
Briefly define the four dimension of globalization.
Globalization
The process of interaction and integration among people, companies, and governments worldwide, often leading to increased economic interdependence and cultural exchange.
Dimension
An aspect or feature of a situation, problem, or thing.
- Absorb the comprehensive details pertaining to globalization.
Verified Answer
DJ
Debbie Jarrett-SlatteryMay 12, 2024
Final Answer :
Globalization has four major dimensions. International trade refers to the cross-border flow of goods and services; in other words, imports and exports. Foreign direct investment refers to the cross-border flow of multinational corporation investment, purchasing or establishing foreign subsidiaries and joint ventures. International investment portfolios are the cross-border flow of investment securities whereby investors buy foreign stocks and bonds but do not control foreign enterprises. Finally, immigration refers to the cross-border flow of people who are migrating from one country to another.
Learning Objectives
- Absorb the comprehensive details pertaining to globalization.
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