Chapter 6
Learning Activity 6.1
Evolution of Trade
1. What is the fundamental meaning of international?
The fundamental meaning of international is an existing, occurring, or carried on
between two or more nations.
2. What is the fundamental meaning of global?
The fundamental meaning of global is relating to the whole world; worldwide.
3. Why did Friedman describe globalization as three phases?
Friedman argued that the first era of globalization took place from 1400 to 1914,
with intensive changes taking place between 1868 and 1914. The intense period
