Question

13 Wreite
any
two economic consequence
of globalization,​

Answer 1

• (i) flows of ideas moving from one part of the world to another. (ii) flow of capital shunted between two or more places. (iii) flow of commodities being traded across borders. (iv) flow of people moving in search of better livelihoods to different parts of the world.

Answer 2

Globalization aims to benefit individual economies around the world by making markets more efficient, increasing competition, limiting military conflicts, and spreading wealth more equally.