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a complex process of interconnectedness across the

world. It involves the exchange of goods, services, people, ideas, and

cultures, leading to a more

integrated global economy and

society.

driven by international

trade and aided by information

technology.

primary function is to regulate and facilitate international trade through a

set of agreements negotiated and signed by its member countries

These agreements establish rules for trade, covering areas such as tariffs,

subsidies, and intellectual property

rights.

These are establish organized with clear

structure, rules and procedures. They

often have significant influence on global

economic, political, and social and social

process.

They set global standard provide financial

assistant and promote cooperation among

nations.

helps to determine

where different types of economic

activity will prosper.

is a

company that operates in its home country,

as well as in other countries around the

world. It maintains a central office located

in one country, which coordinates the

management of all of its other offices, such

These are unwritten rules, norms, and social convention that

influence behavior. They often emerge organically and can be

just powerful as formal institution.

Connection between individuals and

group that facilitate information

sharing, collaboration and trade.

refer to the ways in which power is distributed, exercised,

experienced, and negotiated within a particular social or organizational

context. It involves the relationships and

interactions between individuals, groups,

or entities where one party possesses or

exerts influence or authority over others.