English, asked by Fjjaranilla, 1 day ago

In your own understanding, how does Globalization influenced by Digitalization & Financialization?

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Answered by 20gps0271

Explanation:

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Answered by harshi5155

Answer:

Digitaliization changes the economics of globalization in several ways. As digital platforms become global in scope, they are driving down the cost of cross-border communications and transactions, allowing businesses to connect with customers and suppliers in any country.

Both trade and financial openness can be expected to increase the rate of economic growth. Trade between nations increases the marketplace's size and the competition between firms. ... Trade also directly benefits consumers, as they can choose from a greater variety of higher-quality products.

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