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Answer:

There are three types of globalization.

  • Economic globalization. Here, the focus is on the integration of international financial markets and the coordination of financial exchange. ...
  • Political globalization. ...
  • Cultural globalization.

  • Free trade area. This is the most basic form of economic cooperation. ...
  • Customs union. This type provides for economic cooperation as in a free-trade zone. ...
  • Common market. This type allows for the creation of economically integrated markets between member countries. ...
  • Economic union.

Explanation:

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