Globalization has transformed our planet, again and again. It touches every part of our lives: the food we eat, the entertainment we enjoy, the ways we communicate, the products we buy. For many of us, it shapes the way we earn a living in an increasingly connected and interdependent world.

The constant flow of people, goods, information, and ideas across national borders – even from one side of the globe to another – is a basic fact of modern life. Globalization makes our lives richer, but it also raises challenges for governments and policymakers.

We tend to think of globalization first as an economic phenomenon tied to world trade, the exchange of goods and services. There’s also cultural globalization: Music, art, films, and TV span the globe. With the internet and satellite communications,…

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