Globalization means the integration of financial markets throughout the world into an international financial market.

Question

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Globalization refers to the integration of various aspects of economic activity, including trade, investment, technology, and finance, among others. One of the significant effects of globalization has been the creation of an international financial market that brings together investors, traders, and financial institutions from different parts of the world. This has resulted in increased cross-border flows of capital, increased competition among financial institutions, and the emergence of new financial products and services.

Globalization Means the Integration of Financial Markets Throughout the World