Question

Q.33. Explain the impact of Globalization with examples

Answer 1

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Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe

Answer 2

Answer:

Globalization:

Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.

Other Globalization Examples:

The Olympics began in ancient Greece and continue today.

The FIFA World Cup has more viewers than any other sporting event in the world.

Travel and tourism allows for the globalization of many things, like the exchange of money, cultures, ideas and knowledge.

Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges. In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold.

This is the acctual one.

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