THE ROLE OF ECONOMIC GLOBALIZATION IN INTEGRATIONAL RELATIONS

Economic globalization is indeed one of the three primary characteristics of internationalization discussed in scientific research the other pair are sociopolitical globalization, as well as the overall concept globalization. International trade allows for multiple flow of products, cash, commodities, innovation, and data across worldwide borders. It is the rising political interaction and interconnectedness of regional, local, and municipal markets around the world as cross-border flow of goods, commodities, information, and investment intensifies. Employment, banking, trade, science, institutional systems, organizations, enterprises, and individuals are all part of economic internationalization.

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