What is the concept of ‘the local’ in the global world?
Answers
THE LOCAL IS AN PERSON FROM AN SPECIFIC COUNTRY IN AN GLOBAL CONTEXT
Hey,
The globalization of the production and distribution of goods and services is a welcome development for many people in that it offers them access to products that they would not otherwise have.
Foreign Direct Investment's impact on economic growth has had a positive growth effect in wealthy countries and an increase in trade and FDI, resulting in higher growth rates. ... Furthermore, globalized countries have lower increases in government outlays and taxes, and lower levels of corruption in their governments.
Globalization has brought benefits in developed countries as well as negative effects. The positive effects include a number of factors which are education, trade, technology, competition, investments and capital flows, employment, culture and organization structure.
Hope it helps u.....
Lou ya