Make up classes-6. Internet has significantly contributed to globalization both in economy and in culture. Can we think of some examples?

Internet has significantly contributed to globalization both in economy and in culture. 
Can we think of some examples? 

The development of the Internet has had a great impact on globalization. Typical examples are globalization of trade in goods, globalization of service trade, globalization of capital movement, and globalization of labor movement. 
First, the development of the Internet promotes the globalization of trade in goods. With the development of Internet-based cyber trade, globalization is expanding. As the efficiency of web-based import and export business increases, the number and volume of transactions are exploding. Also, unlike traditional trade, cyber trade is very simple and fast, so it takes less time and money than traditional trade methods. 
Second, Internet development promotes the globalization of service trade. Examples of service trade include education, finance, and travel. The most visible part is the globalization of the entertainment sector. With internet technology development, you can benefit from services anywhere in the world without being limited by time and space. 
Third, globalization of capital movement. It is free to move capital between countries through the stock market and the foreign exchange market. As a typical example, capital is transferred through mutual funds or hedge funds, which are moved to financial markets in various places in the world in real time 24 hours. With the development of the Internet, stock trading through the world stock exchange has been active and the scale has been expanded. 
Finally, the globalization of labor movement. As the Internet develops, information and communication technicians move. Because most countries lack manpower in the information and communication industry, relevant experts are brought from other countries.

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