Elements of economic globalization

The growth in cross-border economic activities takes five principal forms: 

1. International trade; 2. Foreign direct investment; 3. Capital market flows;

4. Migration (movement of labor) 5. Diffusion of technology (Stiglitz, 2003)

Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and
populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people,
and information.

Globalization is manifested in the growth of world trade as a proportion of output

Globalization means the speedup of movements and exchanges

Globalization is a term used to describe how trade and technology have made the world into a more connected and
interdependent place.

Globalization refers to the spread of the flow of financial products, goods, technology, information, and jobs across
national borders and cultures.

Structure of globalization

Academic literature commonly divides globalization into three major areas: Economic globalization, Cultural
globalization, Political globalization.