How did globalization affect trade and economic exchanges?
Can you elaborate on how globalization has transformed trade and economic exchanges across the globe? Have there been specific industries or regions that have benefited or faced challenges as a result of this process? What mechanisms have been put in place to facilitate cross-border transactions and investments, and how have they contributed to the overall growth and interconnectedness of the global economy? Additionally, are there any potential drawbacks or concerns that arise from increased globalization, and how can they be mitigated?