This essay is too long, words instead of However, serious disadvantages can result for countries outside the EU. The growing economic strength of some countries is generating problems as well as opportunities for business firms, workers, and consumers everywhere.
Characteristics of globalization The previous chapter reveals that an exact definition of a starting point of globalization is not possible. While they depend on other countries for financial and political support, they do not learn how to be more self sufficient.
Peckham defines globalization of finance as the degree to which various countries are in interrelated through inter-border financial holdings.