Module 8: Capitalism and Culture
1. What factors contributed to economic globalization in the second half of the twentieth century? Economic globalization is one of the primary reasons our world is utterly developed to what we have today. Technology played. a big role in the economical advancement of most countries. Air express services and containerized shipping are examples of advancements that helped ease transportation costs. There also began the internet, which provided communication and access to information for people around the world. Aside from the technological aspect, there was an evident growth in population linked to growing economies and modern societies. It was also in the second half of the twentieth century that the communist world collapsed which prompted unrestricted global communism. 2. To what extent has globalization fostered converging values and common interests among the world’s peoples? In what ways has it generated new conflicts among them? Globalization has fostered unity...