The Globalization process is having an increasing impact on the global economy. This phenomenon is defined as the increasing economic interdependence of countries worldwide as a result of the increasing volume and diversity of transnational transactions of goods and services, supply chains, international capital flows, and the faster and broader development of technology.The question is whether qualitatively new processes are taking place in the modern economy that is unprecedented and unknown, or if this is simply the continuation of an already well-known process - internationalization - that has been evolving for centuries.
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