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Reference:

Zhigaylo, V. V. Theoretical Grounds for Globalization of the World Economy

Abstract: Globalization of the world economy is the process of creation of the global economic system based on science and enterprise capital as the main sources of social wealth; intensification of international trade of goods, services and technologies; activation of the activity by the global trade and economic unions (cross-culture of cooperation of manufacture). Based on the author, the process of globalization reflects on all countries of the world. The main problem of globalization is the gap between incomes of developed and developing countries


Keywords:

economics, globalization, internationalization, system, competition, capital, relations, integration, definition, foundation


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