Analysis on the Globalization in China
Globalization is defined as the process of incorporation of the global economy which comes about as a result of exchanged views of ideas and products, free trade, smooth and free transfer of capital across-the-board. Globalization leads to advancement in various sectors of a country’s economy, including its transport and communication sectors, education and sports welfare are some of the areas that could be affected by globalization. Improvement in these sectors enhances interdependence of the cultural and economic activities Al-Rodhan and Nayef (2-3). In 2000, the IMF (International Monetary Fund) described four main factors that cause globalization; they identified them as ...