Question

What is globalization ? Review its political and economic impacts ?​

Answer 1

Answer:

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Answer 2

Explanation:

Globalization is the process by which people and goods move easily across the borders. Principally, it's an economic concept - the integration of market, trade and investments with few barriers to slow the flow of products and service between nations.

Political impact :-

In politics scope, globalization has had many negative and positive consequences such as ; increase power and liberty of nation, groups and nongovernmental parties, expand of new political culture, weaken and washy of the role and hegemony of state in illegitimate controlling of nation.

Economic impact :-

In general globalization decreases the cost of manufacturing. This means that companies can offer goods at a lower price to consumers. The average cost of goods is a key aspect that contributes to increase in the standard of living. Consumers also have assess to a wider variety of goods.

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