ECONOMY AND GLOBALIZATION.

Economy is the ways in which people use their environment to meet their material needs. It is the realized economic system of a country or other area. It includes the production,exchange,distribution, and consumption of goods and services of that area.

Globalization (or globalisation) describes an ongoing process by which regional economies, societies and cultures have become integrated through a globe-spanning network of exchange. The term is sometimes used to refer specifically to economic globalization: the integration of national economies into the international economy through trade,foreing direct investment,capital flows,migration, and the spread of technology.

publicado en:

http://en.wikipedia.org/wiki/Economy

http://en.wikipedia.org/wiki/Globalization