reason out pros and cons of widening the world
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Advanatges :
More customer, creating more profits and revenue for companies.
Cheap labour which translates to lower inflation.
Technology can easily be transferred and especially beneficial for poor or developing countries.
Increased in Foreign Direct Investment, which creates more jobs.
A country can diversify its economy faster with the help of globalization. This is especially true for a country that is dependent on natural resources such as oil, and there is an urgency to diversity their economy ASAP.
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