Globalization leads to more trade between countries
• Economies have become more interdependent
• Imports and exports are increasing
Globalization allows countries to specialize production to make use of their available resources
• New industries can develop
• Employment levels can shift
Companies are increasingly operating across borders
• Companies can import and export goods worldwide
• Multinational corporations operate and invest in multiple countries
New technologies allow companies to use a global workforce.
• Includes outsourcing work to laborers in other countries
We can measure changes in the global economy by monitoring trade volumes