as a result of globalisation the close relation and interdependence among the countries of the world as
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Globalizationis a process associated with increasing openness, growingeconomicinterdependence and deepening economic integration in the world economy...due to the globalization the relation among the countries has increased...reasons are as follows..
- we could even access and upgrade the technology
- we could understand their ways of production and marketing
- this helped to reduce the tarrif barriers
- it even reduced the import quotas
- abolished inward looking trade strategy
- enabled outsourcing
- withdrew quantitative restrictions
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