Economic Globalization (V1)

There are many definitions of what the economic globalization is, but an important aspect of most is that it involves reducing or removing the barriers limiting the free movement of business, trade (exports and imports), investment and even labour across national borders. First, globalization means the increase in international trade transactions and multinational companies across the border. Secondly, globalization represents an integrated economic system than ever before. Some countries produce goods, and some consume goods, which means one country's economy may depend on another country more transactions across countries. But in the past, they are economic independent while they are now parts of global economy.