Question

Give three ways by which globalization take place​

Answer 1

(1) cross-border flow of goods and services;

(2) cross-border flow of people and knowledge; and.

(3) cross-border flow of financial instruments and investment.

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Answer 2

Globalization is the process in which ideas, culture, information, knowledge, goods, and services are spread around the world. the three ways in which globalization takes place are as follows:

• Communication technology is playing a crucial role in the process of globalization. This has driven the growth of FDI and resulted in interconnectedness and financial systems.
• Knowledge and people are one of the major causes for the rise of globalization because talent is willing to migrate in the markets.
• The import and export of goods and services among the countries in the world has given strong roots to globalization.