UnitedNations-07-CulturalGlobalization_Pass4.indd

Economic Globalization Globalization also manifests itself in economic activity,involving money and finances, as well as trade. Economic globalization can be seen, for example, in agreements such as NAFTA—the North American Free Trade Agreement, between the United States, Canada, and Mexico, which decreases barriers on the flow goods and money across borders.TheWorld Trade Organization (WTO) and its predecessor, the General Agreement on Tariffs and Trades

Many individuals across the world believe the World Bank has too much power over the economies of developing countries. Seen here are protests against the World Bank in Jakarta, Indonesia, in 2004.

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The United Nations