as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain what economic globalization is.
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economic globalization is the process of increased integration and interconnectedness among countries around the world in terms of trade, finance, culture, technology, and politics. countries, companies, and individuals engage in international trade, cross-border investment, and the exchange of ideas and information. it allows for the free flow of goods and services across national borders, as well as increased competition and access to goods, services, and resources.
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