The Era of Globalization and Trade

With improved transport and communication, trade flourished across borders. This new era gave

rise to what we now call globalization — the growing connection of nations through goods,

ideas, and technology. Today, even the simplest products have a

global story. A single mobile phone may have a battery made in China,

a screen from Korea, and software designed in the United States — all assembled in another country.

This is known as the interlinking of production, where nations depend on each other to

create what we use every day. Organizations like the World Trade Organization,

or WTO, were formed to ensure fair trade and cooperation among nations. The world had truly