Abstract

Globalization is a process of interaction and integration among people, companies, and governments worldwide. With the advances in communication, transportation, and technology, this process has increased in intensity and has become increasingly more prevalent in the 21st century. Globalization has affected local, national, and worldwide economic activities since the turn of the millennium, with local areas receiving enormous impact. Therefore, the purpose of this article is to investigate the degree to which economic activities have been impacted by globalization, especially during the first two decades of the twenty-first century. It adopts historical research method in data collection and analytical approach in presenting them. Because writers often ignore the region's economic past, a large amount of the material comes from oral interviews, which fills in the information gaps.

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