Question

What are the economic consequences of globalization?
(Answer in Points)

Answer 1

${\texttt{\huge{\blue{ANSWER :-}}}}$

Some of the benefits of globalization include:

• Foreign direct investment (FDI) tends to increase at a much greater rate than the growth in world trade,
• helping boost technology transfer,
• industrial restructuring, and
• the growth of global companies.

Answer 2

Answer:

Hey mate here is your answer......

Explanation:

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........ ✌✌✌✌....

Hope it will help u... Attachment is also sent......