The graph shows an example of globalization.
What is globalization?
Globalization, or globalization (Commonwealth English; see spelling differences), stands for the procedure of interaction and integration among individuals, organizations, and governments worldwide. Globalization includes accelerated since the 18th century due to advances in transport and communications technology. This growth in global interactions has caused a growth in transnational trade and the exchange of ideas, beliefs, and culture. Globalization exists mainly as an economic procedure of interaction and integration that is associated with social and cultural elements. However, disputes and international diplomacy stand also in large parts of the chronology of globalization, and of modern globalization.
Economically, globalization concerns goods, services, data, technology, and the economic resources of capital. The expansion of global markets liberalizes the economic movements of the exchange of goods and funds. The removal of cross-border trade borders has caused the construction of global markets more attainable.
Hence, The graph shows an example of globalization.
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