Economic channels of globalization

What this covers

Economic globalization reaches society through trade, investment, production networks, finance, technology, services and the policies that connect domestic actors to wider markets. These channels change prices, employment, firm organization, agriculture, skills, consumption and regional development. Effects depend on assets, bargaining power, infrastructure, regulation and the capacity to absorb risk. Study formal and informal sectors, rural and urban economies, small producers and large firms, and distinguish market access from dependency, competition from displacement, and aggregate growth from distributional outcomes.