Globalization: Globalization is the process of increased interconnectedness and interdependence among countries through trade, communication, and cultural exchange, leading to far-reaching impacts on economies, societies, and politics.
Power dynamics: Power dynamics refer to the ways in which power is distributed, exercised, and contested within a social or political system. They can greatly influence decision-making processes and have wide-ranging impacts.
Externalities: Externalities are unintended consequences that result from an economic activity but affect parties not directly involved in that activity. They can be positive (beneficial) or negative (harmful) and often have wider impacts beyond those initially involved.