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BS PSYCHOLOGY 3-2
Globalization
- According to how I interpret the term, globalization is one of the ways that we become
interconnected with other nations by having a global understanding of people,
businesses, and governments. It is also a means of access to information, goods, and
services, as well as capital. The expansion of global cultural, economic, and political
activities can be summed up as the linking of various regions of the world. It is the
movement and blending of people and goods across international borders.
GLOBAL ECONOMY
- According to the article, we import more than we export, indicating that our local goods
and services do not have the same level of international appeal. Due to our lack of
employment and low pay, we expect trade and labor from other nations, which is why
some people migrate and imported goods are produced more frequently.
- The dissemination of information, the production of goods, and the connections between
businesses or nations have all benefited greatly from the use of technology and social
development. These factors have also helped people to have a livelihood, as well as
innovation and stability in their lives.