Globalization is the integration of economic activity across borders ... Where commerce flows freely, more than one jurisdiction is affected and, by definition, all involved must agree to the legal ...

Globalization, which is not a new phenomenon, may be defined as the increasing interaction among, and integration of, the activities—especially economic activities—of human societies around the world.

Recent economic projections from Federal Reserve officials had shades of "Stagflation-lite," in the words of one economist, a ...