Explain any three advantages of globalization.
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Three main benefits or advantages derived from globalisation are in countries being able to procure the best and most efficient technologies for their production processes, being able to develop markets for their products and services across the globe and outsourcing jobs to countries where costs are low and the ...
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Globalisation has involved:
Greater free trade.
Greater movement of labour.
Increased capital flows.
The growth of multi-national companies.
Increased integration of global trade cycle.
Increased communication and improved transport, effectively reducing barriers between countries.
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