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3. how has globalization changed over time? what helps to make globaliz…

Question

  1. how has globalization changed over time? what helps to make globalization easier?

Explanation:

Brief Explanations
  1. For how globalization changed over time:
  • Early phase (pre-19th century): Focused on long-distance trade of goods (e.g., silk, spices) with limited cross-border movement of people and capital, driven by imperial powers and merchant networks.
  • 19th-early 20th century: Enabled by steamships, railroads, and telegraph; saw growth in international trade, migration, and capital flows, disrupted by world wars and the Great Depression.
  • Late 20th century-present: Accelerated by digital tech, container shipping, and neoliberal policies; shifted to a hyper-connected system with global supply chains, instant cross-border communication, and widespread transnational corporate activity, plus greater cultural exchange via media and travel.
  1. What makes globalization easier:
  • Technological advancements: Digital communication (internet, smartphones), transportation innovations (containerization, air travel) reduce time and cost of cross-border interactions.
  • Policy and institutional changes: Free trade agreements, reduced tariffs, international organizations (WTO, IMF) that standardize rules for global exchange.
  • Economic factors: The pursuit of lower production costs and larger consumer markets by corporations drives the creation of global supply chains.
  • Cultural shifts: Increased acceptance of global media, ideas, and mobility lowers barriers to cross-cultural engagement.

Answer:

  1. How globalization changed over time:
  • Pre-19th century: Limited to long-distance goods trade, small-scale migration, and imperial-driven exchange.
  • 19th-early 20th century: Expanded trade, migration, and capital flows enabled by industrial-era transport/communication, then disrupted by global crises.
  • Late 20th century-present: Hyper-globalization with integrated global supply chains, instant digital communication, mass cultural exchange, and dominant transnational corporate activity.
  1. What helps make globalization easier:
  • Technological innovations (internet, container shipping, air travel) that cut cross-border costs and time.
  • Liberalized trade policies, reduced tariffs, and international regulatory bodies (WTO) that standardize global exchange rules.
  • Corporate demand for global supply chains and larger consumer markets.
  • Increased cultural openness to global ideas, media, and mobility.