Globalization leads to interdependence among nations because it brings some nations money and others are brought into poverty. Globalization is good and bad for any nation.
Growing international trade and rising standards of living
Greater economic growth is one of the benefits of increasing economic interdependence.
More Money
A loss of comparative advantage.......
Growing international trade and rising standards of living
Businesses began selling their goods to other countries
The growth of the service industry has been one of the results in the West of increased global economic competition. A car mechanic and a waitress are two examples of service industry jobs.
The economic structure determines how the resources in a country are divided up and it has major implications on what kinds of jobs or goods are available. It has a major effect also on the countries standard of living.
A loss of comparative advantage.......
It had an effect on several countries. Perhaps most notably, Great Britain.
Growing international trade and rising standards of living
The rise of the flapper and increasing economic independence among women in the early 20th century challenged traditional gender roles and opened up new opportunities for women to lead more independent lives. This led to shifts in power dynamics between men and women, sparking tensions and evolving relationship dynamics as women asserted their autonomy and sought greater equality in social, economic, and political spheres.
fiscal policy can be used to stimulate economic activity by increasing spending. this is done by reducing taxes and increasing government spending to increase supply and demand which has a flow on effect for individual spending.
There has been a decline in economic productivity in countries affected by AIDS.
Many Latin American countries achieved independence.
Businesses began selling their goods to other countries
Businesses began selling their goods to other countries.
Many Latin American countries achieved independence.
There has been a decline in economic productivity in countries affected by AIDS.
It makes trading with other countries much more harder.