Which of the following did the author of this chapter argue was one of the major transformations necessary for globalization to take off?

Which of the following did the author of this chapter argue was one of the major transformations necessary for globalization to take off?

Which of the following did the author of this chapter argue was one of the major transformations necessary for globalization to take off? People began relating to economic markets differently. Specifically, peasants became dependent on earning a wage for their labor.

What do the chapter authors argue is the distinguishing feature of globalization quizlet?

In this chapter, we argue that the distinguishing feature of globalization in the contemporary era is the speed, rather than the scope, of global interactions. Most recently in world history, European colonial expansion into Africa, Asia and the Americas marked another landmark of globalization.

What is the term that refers to the process of countries tending to become grouped together in ways that are both cultural and economic?

what is the term that refers to the process of countries tending to become grouped together in ways that are both cultural and economic? regionalization. why was englands percentage of international trade greater at the turn of the twentieth century than it is now?

Why are globalization processes clustering in regions rather than equally across the world?

Why are globalization processes clustering in regions rather than equally across the world? Regional blocs benefit from economic ties between people and companies in nearby nations.

What do most scholars agree is the most significant component of globalization?

What do most scholars agree is the most significant component of globalization? Economic Reorganization of the world. What do the World Bank, the International Monetary Fund (IMF) and the World Trade Organization (WTO) do? They make possible the flow of goods and capital across international boundaries.

What is the main driver of globalization?

The drivers of globalization are the reduction of barriers to international trade, increased consumer demand, lowered costs of shipping and production, and technological advancements in communication and transportation.

What are the benefits of globalization give at least 2?

What Are the Benefits of Globalization?

• Access to New Cultures.
• The Spread of Technology and Innovation.
• Lower Costs for Products.
• Higher Standards of Living Across the Globe.
• Access to New Markets.
• Access to New Talent.
• International Recruiting.
• Managing Employee Immigration.