What are the basic feature and major role of economic globalization?

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What are the basic feature and major role of economic globalization?

The basic feature of economic globalization is the free flow of commodity, capital, technology, service and information in the global context for optimized allocation. The major role of economic globalization is to give new impetus and provide opportunities to world economic development and meanwhile to make the various economies more and more interde- pendent and interactive.

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