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According to Thomas Friedman, There Are Three Eras of Globalization

question 48

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According to Thomas Friedman, there are three eras of globalization: transportation, communication, and technology.


Definitions:

Quota

A direct limit on the number of goods that can be imported into or exported from a country

Influx

Refers to the arrival or entry of large numbers of people or amounts of goods into a place.

Foreign Goods

Products or services produced in one country and sold in another.

Capital Account

An account of a country’s transfer of capital to or from other countries.

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