Difference between globalization and industrialisation
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Industrialization refers to the shift of an economy from being primarily based on agriculture to being primarily based on industry, which includes manufacturing of goods as well as rendering of services. Globalization on the other hand is the interaction of one economy with other economies of the world.
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Industrial globalisation is a process linked by interconnected cross-border production, and it enables firms to enter into new markets, to capitalise on technological and organisational advantages, and to reduce costs
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