During the early 20th century the world economy supported high levels of trade and relatively free capital flows between industrialized nations. Therefore it could be said that the process of globalization started along time ago and not recently as it is perceived for most of the people around the world. Usually globalization is taken to mean growing international trade and investment, but there is more than that. Globalization involves economic activity, having to meet international competitive standards: price, productivity, and profitability. Globalization is a broad and complex issue.…
