Question

1)how is globalization helpful to global economy?
​

Answer 1

Answer:

Globalization Benefits World Economies

Some of the benefits of globalization include: ... Technological Innovation: Increased competition from globalization helps stimulate new technology development, particularly with the growth in FDI, which helps improve economic output by making processes more efficient.

Explanation:

please follow me friend I hope this is helpful

Answer 2

Explanation:

Globalization Benefits World Economies

• Some of the benefits of globalization include: ... Technological Innovation: Increased competition from globalization helps stimulate new technology development, particularly with the growth in FDI, which helps improve economic

outputby making processes more efficient

• Globalization is about the interconnectedness of people and businesses across the world that eventually leads to global cultural, political and economic integration. It is the ability to move and communicate easily with others all over the world in order to conduct business internationally.
• Globalization leads to increased competition. This competition can be related to product and service cost and price, target market, technological adaptation, quick response, quick production by companies etc. When a company produces with less cost and sells cheaper, it is able to increase its market share