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The Importance Of Economic Globalization

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In this globalization era with fast development in many things make us to open to many fields, start from political side, knowledge and technology, social and culture, and no exception for economy. Globalization indirectly forces us to follow every changes and every development that happen around us. The definition of globalization itself according to WHO is increased interconnectedness and interdependence of peoples and countries, is generally understood to include two interrelated elements: the opening of borders to increasingly fast flows of goods, services, finance, people and ideas across international borders; and the changes in institutional and policy regimes at the international and national levels that facilitate or promote such flows (“WHO | Globalization,” 2016).

Cannot be denied, globalization in economy side is really impact to trading. This is what we call as Economic Globalization. Economic Globalization is the increasing economic integration and interdependence of national, regional, and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital (“Economic globalization,” 2016).

One country to another will do export and import to fulfill their needs and this leads to the economic policies that both or more countries made. Of course those countries want to get more benefits more than just fulfill their needs, they will make some agreements about trade between them such as, lowering the

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