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Period: to
Globalization
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Definition
Globalization: theprocess by which businesses or other organizations develop international influence or start opening on an international scale. -
Soviet Union
Because the Soviet Union collapsing and the end of the Cold War, the world became more internationally connected. -
Communist Countries
The communist bloc countries began to intergrade into the global market economy -
Internet
World Wide web was invented; connecting billions of people -
Trade and Investment
As globalization started to move forward, trade and investment began to increase. -
Fall of Berlin Wall
The fall of the Berlin wall was a large step in the globalization process, it connected East and West Germany and unified them as one. -
Emerging
Globalization starting emerging more in the 1990's -
Cold War
Because the Soviet Union collapsing and the end of the Cold War, the world became more internationally connected. -
Barriers
Barriers to migration and culture exchange lowered -
First Website
GERN -
NAFTA
North American Free Trade Agreement. Governments of USA, Canada, and Mexico removed barriers to free the flow of people. Goods, services along with trade and migration ihncreased. -
First text message
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Great Recession