The document discusses several topics related to globalization including its definition, forces driving it, and both positive and negative effects. It also covers international trade, foreign direct investment, protectionism, and the role of the World Bank. Globalization refers to the increasing global integration of economic, political, and cultural systems. The main drivers include improvements in transportation and communication networks as well as liberalization of cross-border trade. Potential benefits include increased economic growth and competition, while risks involve outsourcing jobs and increasing inequality between rich and poor nations.

9. International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product (GDP).