Assess any three advantages of globalization...
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=>Global market: Privatisation of state-owned industries has led to flourishing emerging markets in developed countries. ...
=>Foreign investment: The flow of foreign capital is another positive effect of globalisation. ...
=>Culture:
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Globalization advantages –
Helps boost the average growth rate of the country's economy through improving in allocative efficacy and efficiency of the resources.
It increases labor productivity and reduces capital-output ratio.
It makes way for eliminating in-efficiency in the production system.
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