Globalization and Foreign Direct Investment

Abstract

Globalization is a term used to express the tendency for the world economy to integrate, not only with respect to markets, finance, technology, and cross-countries' trade and investments, but also with regard to the harmonization of laws and regulations of everyday activity (political, economic, social, cultural, and ideological). The core of the concept of globalization is that the world displays a strong tendency to become one entity. To be more specific, the term globalization describes the increase in international trade and financial flows that has taken place since 1960, but even more so in the post-1980 period.KeywordsEuropean UnionForeign Direct InvestmentGross Domestic ProductNorth American Free Trade AgreementForeign Direct Investment InflowThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.