Summary 

Economic globalization is to increase the interdependence of the world economy by increasing the flow of goods, and communications between countries. One thing that economic globalization focus on is to increase the trade between developing countries and developed countries. In order to do that, trade barriers like tariffs are reduced and this is known as trade liberalization. And when countries decides to remove tariffs to make goods flow in and out of the countries more easily is free trade.As goods are flowing around the world more easily, many corporations are trying to seek ways to make profits from economic globalization. And this cause transnational corporations to open up around the world.

Globalization in the world economy is becoming more and more extensive. Various countries are involved in the process of economic globalization, which are transitioning to a new stage of development in trade with each other. Economic globalization has taken the world to a new level. Economic globalization based on today's reality is a process that is without any alternatives. This fact shows us how important is global economicization in the lives of each individual.