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What is Understanding Globalization: Concepts & Impact about?

Globalization refers to the intensification of worldwide social relations linking distant localities and increasing awareness of the world as a whole. It began accelerating in the late 15th century due to advances in transportation and communication technologies, and increased further after World War 2 with the establishment of institutions like the IMF, World Bank and GATT to govern international economic relations and reduce trade barriers. Globalization involves growing economic interdependence between c

Author

Kristine Campos

Language

EN