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Globalization

The process of integration and interaction among governments of different nations (through free trade agreements), companies (through investment in other countries, creating affiliate companies) and people (with the same consumer trends, thanks mainly to information on Internet). This process has effects on the environment, political systems, economic development as well as prosperity and welfare in societies around the world. In international trade, globalization reflects the trend of firms buying, selling, distributing products and services in most countries and regions of the world.

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