What is Economic Globalization?  One popular aspect of
globalization is economic trade, in which goods and services are
exchanged among nations. Economic globalization means countries’
economic situations can depend significantly on other countries.
Economic globalization has both advantages and disadvantages.
Article Details   • Written By: Karize Uy   • Edited By: Lauren
Fritsky   • Last Modified Date: 30 September 2015   • Copyright
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Free Widgets for your Site/Blog   Economic globalization is a
worldwide phenomenon wherein countries’ economic situations can
depend significantly on other countries. Many allied countries
would supply resources to each other that the other countries do
not have. These resources can cover imported products,
technology, and even human labor. Many people have observed that
this phenomenon may lead to a “one-world government,” which
consists of a centralized government for all nations.  One
popular activity under globali