Question

Complete the sentences: 1. Globalization is…. 2. 2. The amount of money and goods moving …. 3. Govermants are free to set 4. 4.Other factors contributing to the rise of globalizations….. 5. 5 Critics complain that, without the protection of trade barriers….

Answer 1

Ответ:

1. Globalization is the process of interaction and integration among people, companies, and governments worldwide.

2. The amount of money and goods moving is called a velocity of money.

3. Govermants are free to set of provide the parameters for everyday behavior for citizens, protect them from outside interference, and often provide for their well-being and happiness.

4. Other factors contributing to the rise of globalizations…..  include: the digital revolution; international economic integration; socio-cultural convergence; global education providers and etc.

5. Critics complain that, without the protection of trade barrier it resulted in an international transfer of income from the poor to the rich countries through a secular deterioration in the commodity terms of trade of the poor countries

Answer 2

1. Globalization is the process of increasing interconnectedness and integration of countries, economies, cultures, and societies on a global scale.

2. The amount of money and goods moving across national borders has significantly increased due to globalization.

3. Governments are free to set policies and regulations that govern international trade and investment within their jurisdictions.

4. Other factors contributing to the rise of globalization include advancements in technology, transportation, and communication, as well as the liberalization of trade and investment policies.

5. Critics complain that, without the protection of trade barriers, domestic industries may face increased competition from foreign markets, leading to job losses, lower wages, and potential negative impacts on local economies.