Globalization refers to the expansion of international trade to a point where, across the globe, regional trade blocs have overtaken national markets.

Name: Globalization refers to the expansion of international trade to a point where, across the globe, regional trade blocs have overtaken national markets.
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Globalization has led to the creation of regional trade blocs such as the European Union and NAFTA, which have increasingly dominated international trade over individual national markets.

Globalization Refers to the Expansion of International Trade to a Point