Which expression does the author use to describe contemporary globalization? global localization total globalization semiglobalization global standardization?

semiglobalization

Explanation:

In "Semiglobalization and international business strategy"(2003), Pankaj Ghemawat defined contemporary globalization as semiglobalization. He provided economic evidence that shows an incomplete cross-border integration of markets during the last few decades, very different from the perfect integration presented in economic theory's ideal.

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