Question

How have the effects of economic globalization (in trade, FDI, and finance) on domestic politics differed in the developed versus the developing countries? Consider the effects both on the role of the state as well as on societal groups within countries.?In detail.​

Answer 1

Answer:

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In general, globalization decreases the cost of manufacturing. This means that companies can offer goods at a lower price to consumers. The average cost of goods is a key aspect that contributes to increases in the standard of living. Consumers also have access to a wider variety of goods.