The answer to your question is False
I'm not sure if those are the elements you mean, but major traits of folktales are that:
- They are being told in an oral way from generation to generation
- They present how people imagine and explain wonders of the world
Globalization is the spread of products, technology, information, and jobs across national borders and cultures. In economic terms, it describes an interdependence of nations around the globe fostered through free trade.