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A more comprehensive and detailed description comes from Duncan (2000), who defines globalization as the process of closer economic integration between countries; closer integration in terms of trade in goods and services, in investment (both fixed investment and portfolio investment), in the free movement of labor (in some cases such as the European Union), in the adoption of common currencies, and in joint international action on cross-border issues such as pollution...
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A more comprehensive and detailed description comes from Duncan (2000), who defines globalization as the process of closer economic integration between countries; closer integration in terms of trade in goods and services, in investment (both fixed investment and portfolio investment), in the free movement of labor (in some cases such as the European Union), in the adoption of common currencies, and in joint international action on cross-border issues such as pollution...
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