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Short Answer Questions - The making of Global World

Introduction:
Globalization is the process of international integration that results from the exchange of worldviews, products, ideas, and other cultural and economic factors. This process has been ongoing for centuries, but it has accelerated in recent decades due to advances in technology and communication. In this article, we will discuss the making of the global world and answer some short questions related to it.

1. What is the significance of the Industrial Revolution in the making of the global world?
The Industrial Revolution was a major turning point in the making of the global world. It brought about significant changes in the way goods were produced and consumed, leading to an increase in trade and commerce between countries. The development of steam engines, railroads, and other technologies made it easier to transport goods over long distances, enabling countries to trade with each other on a global scale.

2. How did the colonization of the New World contribute to the making of the global world?
The colonization of the New World by European powers greatly contributed to the making of the global world. It led to the establishment of new trade routes and the exchange of goods and ideas between Europe, the Americas, and Africa. The discovery of precious metals such as gold and silver in the New World also played a significant role in the global economy.

3. What is the impact of the Information Age on the making of the global world?
The Information Age, which began in the late 20th century, has had a significant impact on the making of the global world. The development of the internet and other communication technologies has made it easier to share information and conduct business on a global scale. This has led to the emergence of new industries, such as e-commerce, and has facilitated the globalization of many existing industries.

4. How has the growth of multinational corporations contributed to the making of the global world?
The growth of multinational corporations has been a major driver of the globalization process. These corporations operate in multiple countries and have the ability to move capital, goods, and services across borders. This has led to increased competition and efficiency in many industries, but it has also raised concerns about the exploitation of workers and the impact on local economies.

Conclusion:
In conclusion, the making of the global world has been a long and complex process that has been shaped by many factors, including technology, trade, colonization, and the growth of multinational corporations. While globalization has brought many benefits, it has also created challenges and controversies that must be addressed.