6/28/2023 0 Comments Impacts of globalization on us![]() ![]() ![]() International institutions, such as the General Agreement on Tariffs and Trade ( GATT ) and the World Trade Organization (WTO), were formed to remove trade restrictions and negotiate and formalize trade agreements.The Bretton Woods Conference from July 1-22, 1944 led to an agreement by major governments around the world to lay down the framework for international monetary policy, commerce, and finance.The process of globalization has increased in recent history due to advances in industrialization, rapid population growth, increased transportation, increased global travel, and the advent of technology such as mobile phones and the Internet. Globalization is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture. ![]()
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