Question

What is globalization ? Write it's step. ​

Answer 1

Answer:

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

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Answer 2

Answer:

Globalization is the process by which ideas, goods and services spread throughout the world. In business, the term is often used in an economic context to describe an integrated economy marked by free trade, the free flow of capital and corporate use of foreign labor markets to maximize returns and benefit the common good.

Phase 1: “Humanising” the globe (first 190,000 years)

Phase 2: “Localising” the world economy (12,000 BCE - 1820)

Phase 3: The Old Globalisation (1820 - 1990)

Phase 4: The New Globalisation (1990 - Now)

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