1. Industrial emergence of worldwide production markets and broader access to a range of foreign products for consumers and companies.
2. Financialemergence of worldwide financial markets and better access to external financing for corporate, national and sub-national borrowers.
3. Economicrealization of a global common market, based on the freedom of exchange of goods and capital.
4. Politicalpolitical globalization is the creation of a world government which regulates the relationships among nations and guarantees the rights arising from social and economic globalization.
5. Informationalincrease in informationflows between geographically remote locations.
6. Ecologicalthe advent of global environmental challenges that can not be solved without international cooperation, such as climate change, cross-boundary water and air pollution, over-fishing of the ocean, and the spread of invasive species. Many factories are built in developing countries where they can pollute freely.
7. Socialthe achievement of free circulation by people of all nations.
8. Transportationfewer and fewer European cars on European roads each year and the death of distance through the incorporation of technology to decrease travel time.
9. Culturalgrowth of cross-cultural contacts; advent of new categories of consciousness and identities such as Globalismwhich embodies cultural diffusion, the desire to consume and enjoy foreign products and ideas, adopt new technology and practices, and participate in a world culture.
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