short note on: (1) Consequences of globalisation
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Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.
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Globalisation means integration of different economies of the world. It leads to coming together and building trade relations among different economies. Globalisation helps in giving greater choices to consumers and helping industries to grow using advancement in technology. It also reduces trade barriers and make trade easier across continents.
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