Question

how does globalisation help in economic development

Answer 1

Technological Innovation. Increased competition from globalization helps stimulate new technology development, particularly with the growth in FDI, which helps improve economic output by making processes more efficient. Economies of Scale.

Answer 2

with the help of globalization many new company established trade in other countries which effect the economy of the other country. with globalization the more and more services and goods move between the countries and besides these technology and investment also move between the countries.. the the movement of good and technology the economy of the country increase and thus it help in economic development...

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