Lesson 2-SSP 113
Lesson 2-SSP 113
Lesson 2-SSP 113
GLOBALIZATION
OF WORLD
ECONOMICS
Lesson 2
ECONOMIC GLOBALIZATION
● A historical process representing the result of
human innovation and technological progress -
IMF
● Characterized by the increasing integration of
economies around the world through the movement
of goods, services, and capital across boarders.
INTERNATIONAL TRADING SYSTEM
● Silk Road - oldest known international trade route