Is globalization ending? – level 1
16-11-2023 07:00
Robert Moritz is an expert on global trade. He speaks about globalization. Globalization is the process by which companies and organizations operate around the world, not only in a few countries.
Moritz says that globalization is not stopping but changing. People are now trading more with nearby places or just one other country. Regions like North America, Europe, and Asia are becoming closer and working together more. Some people think that everything will break apart. But these regions are trying hard to trade more with each other to help their economies grow.
Moritz believes that our world is always changing. It is something what people cannot stop. It seems that in the future, countries will trade more with their neighbors. This is a good and normal thing.
Difficult words: global trade (when countries do business together), operate (to do business activities), economy (business activities of a country).
You can watch the original video in the Level 3 section.
What do you think potential risks exist if countries rely more heavily on trade between neighboring regions?
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