Asked by
Brayden Grashuis
on Nov 28, 2024Verified
Globalization and financialization are both increasing but relatively independent trends in the world economy.
Globalization
The process by which businesses or other organizations develop international influence or start operating on an international scale, affecting economies, cultures, and politics.
Financialization
The growing significance of financial sectors, financial motivations, financial organizations, and financial leaders in managing the economy and its regulatory bodies.
- Comprehend the impact of globalization and financialization on the global allocation of power, income, wealth, and economic development.
Verified Answer
WN
Learning Objectives
- Comprehend the impact of globalization and financialization on the global allocation of power, income, wealth, and economic development.
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