GLOBALIZATION
1. When began the third fase of globalization?
Third stage of globalization begins from 1980 onwards.
2. What is globalization?
Globalization is a process of interaction and integration among the people,
companies, and governments of different nations, a process driven by international
trade and investment and aided by information technology.
3. Which institutions were created in the new international arrangement?
This current wave of globalization has been driven by policies that have opened
economies domestically and internationally. In the years since the Second World
War, and especially during the past two decades, many governments have adopted
free-market economic systems, vastly increasing their own productive potential and
creating myriad new opportunities for international trade and investment.
Governments also have negotiated dramatic reductions in barriers to commerce and
have established international agreements to promote trade in goods, services, and
investment. Taking advantage of new opportunities in foreign markets, corporations
have built foreign factories and established production and marketing arrangements
with foreign partners.
4. What is league of Nations? Which institution replace it?
The League of Nations (SDN) or League of Nations was an international body
created by the Treaty of Versailles on June 28, 1919. It was proposed to establish
the bases for peace and the reorganization of international relations once the First
World War.
The ONU (organization of the united nations) replaced the society of nations or
league of nations.
5. What is The United Nations?
The onu is the acronym by which the United Nations Organization is generally
known. It is the most important international entity of today, made up of governments
from all over the world that seek to join efforts to achieve good results in terms of
peace, security, economic and social progress, humanitarian issues and human
rights.
6. How globalization influence your daily life?
I believe that globalization is in my daily life through technology that has been a
very successful development because it facilitates many things such as making a
consultation through the internet, making transactions through the internet, making
a purchase and much more.
7. Write unless 5 beneficts and five harms of globalization.
Advantages of globalization
• Free trade of goods and services worldwide.
