Question

Describe the effects of globalization on the world economy in points

Answer 1

1. Globalisation is harmful for small business 2. Many employment are stopped because growth of technology 3. Increased competition 4.growth in foreign trade 5.insecurity of jobs 6.fluctuation in prizes 7.poverty alleviation 8.effect on natural resources

Answer 2

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Globalization gives organizations the opportunity to take advantage of lower labor costs in developing countries, while leveraging the technical expertise and experience of more developed economies.