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Globalization involves the integration of national economies through trade, investment, capital flows, movement of people, and technology transfer. Scholars debate when globalization began, with some arguing it started after 1973 while others believe a single world economy existed before 1500 driven by trade along silk roads and between Europe and Asia. The document discusses theories that globalization began in the 16th century with Spanish settlement in the Philippines opening trade routes between Manila

Author

alicia

Language

EN