Indicators such as currency exchange turnover and both cross-border bank credit and assets are identified evidence of social globalization.

Question

Quizplus · Accepted Answer

These indicators are evidence of economic globalization, not social globalization. Social globalization refers to the spread of ideas, information, images, and people, whereas economic globalization is about the global distribution and integration of production, markets, finance, and technologies.

Indicators Such as Currency Exchange Turnover and Both Cross-Border Bank