1) What is Gobailzation? 2) What is does the term decoupling mean?: 3) What the three...

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Answer 1

Answer #1

Globalization may be defined as the addition of markets in the global economy raising the interconnectedness of economics. It reflects the expansion and integration of markets that means the world is connected by trade and culture.
Decoupling is a process that would be able to develop without increasing environmental effects. Now, let us go to an example if the cost of petrol and diesel increase and decrease together and if petrol goes in one direction and diesel goes in another direction then decoupling occurs.
The Bretton Woods Institutions, OECD, Imf, World Bank facilitate globalization.
Globalization leads to greater opportunities in large around the world. Thus institutional structures result in more access to capital flows, export and import market, and capital.
The policies that promote globalization are Foreign Investment, Liberalisation, import and exchange of precious goods, Exchange Rate.

Answer 2

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