Question

how should industry respond to globalization​

Answer 1

Answer:

In the last twenty years, things have been changing with increasing speed in God’s world. Economically, the world’s gross domestic product (GDP) more than doubled to almost $78 trillion in spite of a number of recessions in major economies and the global recession of 2008–9. Twenty years ago, the world’s largest economies in terms of comparative purchasing power were the United States, Japan and Germany; today they are China, the United States and India. In the last twenty years, global trade increased from $2 trillion to over $18 trillion a year.

Explanation:

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