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Question
6/10
what is new about globalization in the modern era?
the existence of trade routes
the movement of people and goods
the scale, velocity, and range of flows across borders
the spread of ideas and technology
Historical globalization involved trade routes, movement of people/goods, and spread of ideas/technology. Modern globalization is distinguished by an unprecedented magnitude, speed, and breadth of cross-border flows (of capital, data, goods, etc.) enabled by digital and transportation technology.
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C. The scale, velocity, and range of flows across borders