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What factors are continuously changing the global economy and the process of global integration?

User Dsrees
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Final answer:

The global economy and global integration are continuously shaped by factors like international trade, technological advancements in transport and telecommunications, and economic policies. These elements facilitate greater interconnectedness but can also lead to imbalances of power and uneven economic effects.

Step-by-step explanation:

Factors continuously changing the global economy and the process of global integration are numerous and varied. International trade is a significant aspect of globalization, contributing to the exchange of goods, services, and cultural ideas which leads to greater economic and cultural interconnectedness. Advances in transport like container ships and air cargo as well as telecommunications infrastructure such as the Internet have reduced costs and barriers to global trade. The dissemination of knowledge, migration, trade, and capital movements are all facilitated by these technological improvements. Moreover, international treaties and economic policies, especially regarding exchange rates, play a critical role in shaping global economic relations. Yet, globalization can also concentrate power in multinational corporations and have uneven effects on different countries, particularly those reliant on natural resource extraction.

User Khaled Ayed
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