Q4: Imaginary Mining

Think critically to analyze how trading blocs, trade agreements, and globalization could take it easy for you to trade with the two nations.

What is globalization?

Globalization is the process of increased interconnectedness and interdependence among countries, economies, and cultures on a global scale. It involves the movement of goods, services, capital, information, and people across borders, leading to the integration of economies and societies worldwide. Globalization has been facilitated by advancements in technology, transportation, and communication, allowing for faster and more efficient trade and exchange of ideas. It has also led to the formation of trading blocs and trade agreements that further promote international trade and cooperation.