2. What are the positive effects of globalization?
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Answer:
As a result, there are a number of positives associated with globalization: it creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world. this can lead to more access to capital flows, technology, human capital, cheaper imports and larger export ...
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Conversely, globalization can create new opportunities, new ideas, and open new markets that an entrepreneur may have not had in their home country. As a result, there are a number of positives associated with globalization:
it creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world
this can lead to more access to capital flows, technology, human capital, cheaper imports and larger export markets
it allows businesses in less industrialized countries to become part of international production networks and supply chains that are the main conduits of trade