1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Otrada [13]
3 years ago
9

What is meant by globalization and how did it arise?

History
1 answer:
My name is Ann [436]3 years ago
3 0

Answer:

Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. Countries have built economic partnerships to facilitate these movements over many centuries. But the term gained popularity after the Cold War in the early 1990s, as these cooperative arrangements shaped modern everyday life. This guide uses the term more narrowly to refer to international trade and some of the investment flows among advanced economies, mostly focusing on the United States.

The wide-ranging effects of globalization are complex and politically charged. As with major technological advances, globalization benefits society as a whole, while harming certain groups. Understanding the relative costs and benefits can pave the way for alleviating problems while sustaining the wider payoffs.

THE HISTORY OF GLOBALIZATION IS DRIVEN BY TECHNOLOGY, TRANSPORTATION, AND INTERNATIONAL COOPERATION

Since ancient times, humans have sought distant places to settle, produce, and exchange goods enabled by improvements in technology and transportation. But not until the 19th century did global integration take off. Following centuries of European colonization and trade activity, that first “wave” of globalization was propelled by steamships, railroads, the telegraph, and other breakthroughs, and also by increasing economic cooperation among countries. The globalization trend eventually waned and crashed in the catastrophe of World War I, followed by postwar protectionism, the Great Depression, and World War II. After World War II in the mid-1940s, the United States led efforts to revive international trade and investment under negotiated ground rules, starting a second wave of globalization, which remains ongoing, though buffeted by periodic downturns and mounting political scrutiny.

Hope it helps

You might be interested in
PLEASE HELP!!! I WILL MARK BRAINLIEST!!! Which role did Henry Kissinger play during the Vietnam War?
ICE Princess25 [194]

Answer:

A.

Explanation:

A Jewish refugee who fled Nazi Germany with his family in 1938, he became National Security Advisor in 1969 and U.S. Secretary of State in 1973. For his actions negotiating a ceasefire in Vietnam

5 0
3 years ago
What are four reasons why congress has been called the peoples branch
kotykmax [81]

Answer:

1) Public policy is created by elected officials who represent the people.

2) People elect lawmakers to represent their views.

3) The people have direct access to the lawmakers making the policies.

4) All of the citizens of the United States have a say in the government.

6 0
3 years ago
True or False: Covey rented Douglass’s services from Thomas?
Gnom [1K]

Your answer will be true.

7 0
3 years ago
Read 2 more answers
1. There were two different groups in the elite planter class. What distinguished these groups? (1 point
Arisa [49]
The answer is B. how many generations had money
3 0
2 years ago
The Communist government of the USSR __________________
Nat2105 [25]

Answer:

I'm pretty sure it's all of the above

4 0
2 years ago
Read 2 more answers
Other questions:
  • During World War II, psychologists redesigned the layout of instruments in airplane cockpits to help pilots fly safely. This is
    9·2 answers
  • What elements are necessary to allow nationalistic ideas to take place?
    9·1 answer
  • Neil Gorsuch previous job
    11·2 answers
  • Review the following list of events, in which order did the events take place?
    12·1 answer
  • Define the difference in cattle pricing in Texas versus Kansas. Formulate a conclusion of how this related to the cattle boom
    15·1 answer
  • What were the major effects and lasting influences of classical China were
    14·1 answer
  • How many died during<br>India's partition?<br><br>Any help will be appreciated thank you! ​
    5·1 answer
  • Match each political idea to the correct individual <br> Montesquieu, Locke, Paine
    5·1 answer
  • How is declaration of independence related to the freedom we have today?
    15·1 answer
  • Which of the following developments most influenced the subjugation and destruction of the indigenous people following the Atlan
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!