Globalization - the flow of goods, services, people and capital across borders - has stimulated global growth and facilitated the rise of many emerging markets in recent decades, according to a Euromonitor International analysis, which however points out that, following the financial crisis of 2007-2008 , the globalized economy has been affected by major geopolitical tensions, as well as an expansion of trade conflicts and protectionism, as a result of the change in the global economic balance of power.
