History, asked by anishagurung2003, 5 months ago

I need a paragraph of globalization​

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Answered by Anonymous
2

Globalisation means the flows of ideas, capital, commodities and people across different parts of the world. It is a multidimensional concept. It has political, economic and cultural manifestations and these must be adequately distinguished.

Globalisation need not always be positive. It can have negative consequences for the people.

As a concept, globalisation fundamentally deals with flows. These flows can be ideas moving from one part of the world to another, commodities being traded across borders and so on.

The crucial element is the worldwide inter connectedness which is created and sustained as a consequence of these constant flows.

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Answered by moongupta1005
1

Answer:

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Explanation:

Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. Countries have built economic partnerships to facilitate these movements over many centuries. But the term gained popularity after the Cold War in the early 1990s, as these cooperative arrangements shaped modern everyday life. This guide uses the term more narrowly to refer to international trade and some of the investment flows among advanced economies, mostly focusing on the United States.The wide-ranging effects of globalization are complex and politically charged. As with major technological advances, globalization benefits society as a whole, while harming certain groups. Understanding the relative costs and benefits can pave the way for alleviating problems while sustaining the wider payoffs.Today, Americans rely on the global economy for many of the things they buy and sell, expanding businesses, and making investments. Many products and services have become affordable to the average American through the coordination of production across countries.

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