Economics Flashcards
1
Q
What is economics about?
A
People
2
Q
What does globalization mean?
A
The process where businesses or other organizations develop intentional influence or start operating on an international scale.
3
Q
What does hyper-globalization mean?
A
The dramatic change in the size, scope, and velocity of globalization that began in the late 1990s and that continues into the beginning of the 21st century.
It covers all three main dimensions of economic globalization, cultural globalization, and political globalization.
