The expansion of international trade, borrowing and lending, and investment is

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The expansion of international trade, borrowing and lending, and investment is known as globalization. This process has increased the interconnectedness of economies around the world and has led to the growth of global markets and the increased movement of goods, services, and capital. While there are debates around the costs and benefits of globalization, it is generally seen as a major force shaping the global economy in the 21st century.

The Expansion of International Trade, Borrowing and Lending, and Investment