Globalization in the twenty-first century is characterized by:

Question

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Globalization in the twenty-first century is characterized by the emergence of new markets, new means of exchange, new players, and new rules that are intensifying worldwide interdependencies. This includes the rise of emerging market economies such as China and India, the increasing importance of global supply chains, and the growth of information and communication technologies that facilitate international trade and investment. The dominance of U.S. and European financial centers is not as significant as it used to be. The movement of labor across the world is a part of globalization but not the only defining characteristic. There is no significant evidence to suggest that globalization in the twenty-first century involves fusions of previous economic forms such as feudalism and bartering.

Globalization in the Twenty-First Century Is Characterized By