Give atleast 3 examples of globalization and briefly explain its impact to globalization?
Answer (1)
Examples and Impacts of Globalization1. International TradeExample - Importing goods from China to the United States.Impact - Boosts economic growth and gives consumers more product choices, but can also harm local industries due to competition.2. Technology SharingExample - Global use of smartphones and internet services developed in different countries.Impact - Increases communication and access to information worldwide, promoting innovation and collaboration.3. Cultural ExchangeExample - Popularity of K-pop music and Hollywood movies across the globe.Impact - Enhances cultural understanding and appreciation, though it can also lead to cultural homogenization.
