Taminnino09idn
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Define the Modern World System. 2. Identify the factors that facilitate economic globalization. 3. What is the importance of global economy?​

Sagot :

Diyaysabellinaidn

Answer:

1.World-systems theory is a multidisciplinary approach to world history and social change which emphasizes the world-system as the primary unit of social analysis.

2.Factors influencing Globalization are as follows: (1) Historical (2) Economy (3) Resources and Markets (4) Production Issues (5) Political (6) Industrial Organisation (7) Technologies. Globalisation though is basically an economic activity, is influenced by many factors.

3.There are numerous benefits of a global economy, which include: Free trade: Free trade is an excellent method for countries to exchange goods and services. It also allows countries to specialise in the production of those goods in which they have a comparative advantage.

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