The 2 factors contributing to our modern era of globalization;-
If “old globalization” became about goods and wellknown services crossing borders, “new globalization” is set rapid monetary integration thru a virtual exchange, generation, innovation and the organizational imitation – essentially, the globalization of thoughts and expertise.
Globalization manner the speedup of actions and exchanges (of people, items, and services, capital, technology or cultural practices) all over the planet. one of the results of globalization is that it promotes and increases interactions among exceptional regions and populations around the globe.
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