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Asses any thee importance of globalisation.
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Explanation:
Globalisation is important to expand markets and enable a business to make sensible utilisation of available resources. It also solves various issues of individual and nation giving than many options to choose from and satisfy their need. Globalization boosts exports and discourages import and uplifts foreign exchange.
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Globalization has enabled firms to specialize – and to increase the intensity of R&D, innovation and capital in their output. Globalization has made it easier for new companies to start competing with old incumbents. The trade sector has increased the number of people that it employs, both through exports and imports.
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