Question

What is globalization Describe the advantages of
globalization​

Answer 1

Globalization allows companies to find lower-cost ways to produce their products. It also increases global competition, which drives prices down and creates a larger variety of choices for consumers. Lowered costs help people in both developing and already-developed countries live better on less money.

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Answer 2

Explanation:

Globalisation is a complex and controversial issue. This is a look at some of the main benefits and costs associated with the greater globalisation of the world economy.

Definition of Globalisation The process of increased integration and co-operation of different national economies. It involves national economies becoming increasingly inter-related and integrated.

Globalisation has involved:

Greater free trade.

Greater movement of labour.

Increased capital flows.

The growth of multi-national companies.

Increased integration of global trade cycle.

Increased communication and improved transport, effectively reducing barriers between countries.