Question

What are the limitations of globalization as it currently implemented

Answer 1

Answer:

the following are the limitations of globalization

Explanation:

Unequal economic growth.

Lack of local businesses.

Increases potential global recessions.

Exploits cheaper labor markets.

Causes job displacement

Answer 2

Answer:

Multinational firms have difficulties as a result of globalization in terms of leadership and capital investment. Especially in underdeveloped nations, starting a firm demands a sizable initial investment. There might not be the proper infrastructure in place.

Explanation:

Unfathomable changes have been made to the economic structures of both developed and developing countries as a result of globalization.

Despite this, the majority of the world's uncontrolled markets, with a few notable exceptions, seem to transition smoothly from one equilibrium condition to another. The "invisible hand" of Adam Smith is still at work on a worldwide scale.

Cross-border trade has grown far more quickly than GDP in recent decades as a result of reduced trade barriers, deregulation, and increasing innovation.

Domestic economies are consequently becoming more vulnerable to the pressures of global competition and comparative advantage.

As a result, domestic pricing pressures have been effectively restrained by lower prices for several commodities and services produced by our trading partners.

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