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AP World History: Modern
Unit 9 – Globalization: 1900 to Today
Topic 9.4
What is economic globalization and what are its characteristics?
It is a process where countries become increasingly isolated from global economy due to various political factors.
It is an economic system solely based on domestic production and consumption with no international trade.
It refers to the increasing interconnectedness of the world's economies characterized by expansion of international trade and presence of multinational corporations.
It indicates the complete control of one country's economy by another dominant country through indirect means.
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AP World History: Modern - 9.4 Economics in the Global Age
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Economic Globalization
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Resources
Cram Mode
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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