Question

ayalse the three advantage of globalization​

Answer 1

Answer:

Key components of globalization include greater cross-border mobility of goods, labor and capital, each of which promises significant overall benefits for economies. Free trade enables countries to capitalize on their comparative advantages, boosting all participants' economic performance and prospects.

Answer 2

${\mathfrak{\pink{\underline{\underline{Advantages\;of\;Globalization :-}}}}}$

1. Raise foreign capital: Globalization will attract foreign capital which will lead to technology up gradation.

2. Quality improvement: In order to withstand competition offered by the other firms ,quality enhancement will take place.

3. Rise in employment: It is expected that integration between different sectors will lead to more production in the home country. They will raise employment opportunities.

4. Reduce poverty: With globalization, many micro-credit programmes are being implemented to priorities the need of the poor.

5. Adoption of new, flexible production methods: Globalization will raise allocation efficiency, specially in underdeveloped and developing countries.