In this blog we are going to tell you about how globalization is affecting the world, so read this blog carefully to get the complete information.
- Globalization is growing less important as time passes.
- The world is becoming more globalized and connected.
- Globalization has resulted in fewer connections among countries.
- Countries are growing less likely to trade with one another.
Answer: (2.) The world is becoming more globalized and connected.
About the Question
The term globalization is the process of interaction and integration among people, companies, and governments all around the world. It has increased due to the advancement in transportation and communication technology. In this question, it is asked which statement describes how globalization is affecting the world. For this, you need to understand what globalization is. Here we have explained the answer to your question along with the meaning of globalization for better understanding.
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Answer Explanation:
The statement: “The world is becoming more globalized and connected” best describes how globalization is affecting the world as the reason behind this is that due to modern means of communication and transportation the world is united. Several researchers think that globalization is a natural process through which technology advances and improves. Other researchers state that it is a movement of capitalism and interconnected values and ideas between nations all over the world. So overall globalization will directly impact the economies of each country. This implies that globalization is connecting the countries directly.
The bottom line
Globalization changes the way nations, businesses, and people interact with each other all around the world. As the world is becoming more globalized and connected it is also affecting the world. It specifically changes the nature of economic activities among nations. However, it has both positive benefits and negative impacts on countries. We hope you have got your answer and understood the reason why this statement best describes how globalization is affecting the world.
Conclusion
We Hope this blog is sufficient enough to provide the information about how globalization is affecting the world. Thanks for reading this blog.