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Sagot :
Imperialism is a policy put forth by a nation, whereas globalization is a global phenomenon. Imperialism is unilateral and globalization is multilateral
What is globalization?
Globalization, sometimes known as globalisation, is the process of contact and integration among people, businesses, and governments all over the world. Because of advancements in transportation and communication technology, globalization has accelerated since the 18th century.
Globalization, in general, lowers manufacturing costs. This means that businesses can offer things to customers at a lesser price. The average cost of things is an important factor that leads to rising living standards. Consumers can also purchase a greater range of things.
The three key components of worldwide market integration, trade, multinational manufacturing, and international finance, each have their own set of important causes of globalization.
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