How does globalization happen or take place?
Answers
Answer:
In simple terms, globalization is the process by which people and goods move easily across borders. Principally, it's an economic concept – the integration of markets, trade and investments with few barriers to slow the flow of products and services between nations.
Explanation:
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Explanation:
In simple terms, globalization is the process by which people and goods move easily across borders.
"First globalization" is a phrase used by economists to describe the world's first major period of globalization of trade and finance, which took place between 1870 and 1914. The "second globalization" began in 1944 and ended in 1971. This led to the third era of globalization, which began in 1989 and continues today.
Take place :-
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.