Final answer:
True, The expansion of international commerce is indeed an element of globalization.
Step-by-step explanation:
Globalization refers to the increasing interconnectedness of people and nations. One element of globalization is the expansion of international commerce, which involves the buying and selling of goods, services, and assets across national borders. This can be seen in the increased trade and financial capital flows between countries, facilitated by advancements in transportation and technology.Therefore, the statement is true.