Respuesta :
Globalization is understood to be the process of all economic interactions across nations. Due to increased trade and transactions, the cost of commodities is reduced, which benefits the economy.
Why is Globalization not new?
Globalization is thought to be a recent phenomena, yet this is not the case. There is interaction between the many types of people on a global scale from an early age. Because of the use of new technologies and increased communication in the nation, it only accelerates.
In accordance to a number of scholars, globalization started with Columbus' exploration of the New World in the year 1492. Nonetheless, before Columbus' voyage, people travelled to nearby and far-off places, exchanging concepts, goods, and traditions along the way. Perhaps the most well-known early example is the Silk Road, an ancient network of commercial routes that crossed China, Central Asia, and the Mediterranean between 50 BCE and 250 CE.
During the Age of Revolution, when concepts of liberty, equality, and fraternity spread like wildfire from America to France to Latin America and beyond, the network of globalisation continued to widen. It was propelled by the development of industries, trains, steamboats, vehicles, and aeroplanes through the eighteenth, nineteenth, and twentieth centuries as it rode the waves of industrialization, colonisation, and war.
To know more about, globalization, visit :
https://brainly.com/question/15283031
#SPJ4
