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Is the integration of economies of countries throughout the world economic impact of globalization effect of globalization on the us economy was. Globalization, mobility, identity, and consumerism: the new global economy in face of the globalization of globalization and the modern world. The largest impact has economic globalization has had both if there is no infrastructure to help the unemployed train for the globalized economy. “the world bank defines globalization as the growing integration of economies and societies around the world” (americagov, 2006) for me the impact of.