Question

importance of globalization in the economy

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Answer 1

Explanation:

The Impact of Globalization on Economic Growth. ... Globalization aims to benefit individual economies around the world by making markets more efficient, increasing competition, limiting military conflicts, and spreading wealth more equally.

Answer 2

Answer:

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Explanation:

How does globalization affect the economy?

While globalization has radically increased incomes and economic growth in developing countries and lowered consumer prices in developed countries, it also changes the power balance between developing and developed countries and affects the culture of each affected country.

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