How globalisation will benefit developed and developing countries?
Answers
globalization is for trading and commerence so if we trade what we have it's good for their contries.
if they trade what they have to us it is good for us
this can devolop our city
globalization promotes economic growth and generates a wider range of products and services
globalization helps to increase the standard of living of the people
globalization has made the availability of the similar type of products all over the world
globalization increases the GDP of a country
globalization has helped in increasing the income of the people
by buying the products from other countries, customers are offered a much wider choice of goods and services
globalization creates competition for local firms and thus keeps the cost down
globalization promotes specialization. countries can begin to specialist in those products that are best at making
economy interdependence among different countries can build improved political and social links