Question

write any two economic effect of globalisation​

Answer 1

$\fbox\pink{A}\fbox\blue{n}\fbox\purple{s}\fbox\green{w}\fbox\red{e}\fbox\orange{r}$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.

Answer 2

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• Foreign Direct Investment: 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.2
• Technological Innovation: Increased competition from globalization helps stimulate new technology development, particularly with the growth in FDI, which helps improve economic output by making processes more efficient.