GK
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Americanization
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Globalization
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Urbanization
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Gentrification
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Detailed explanation-1: -Although there are many effects of globalization, we focused on three main effects. They are the labor force, the emergence of multi-national corporations, and the merging of new businesses with the U.S. economy.
Detailed explanation-2: -Financial observers see the Internet as a catalyst for globalization due to the way it has united the world. Web technology is changing the way we work, expanding our global knowledge base and bringing people and society closer together. Data can be exchanged and communicated between companies around the globe.
Detailed explanation-3: -Specifically, the internet economy’s contribution to the U.S. GDP grew 22 percent per year since 2016, in a national economy that grows between two to three percent per year. In 2020 alone, it contributed $2.45 trillion to the United States’ $21.18 trillion GDP.