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One of the benefits of the international trade is that different economies are able to obtain a variety of goods through specialization. The other benefit of specialization is that it improves relationships between countries.

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What are the arguments in favor of globalisation?

Globalization fosters economic growth by promoting competition, innovation, and efficiency. It enables countries to specialize in what they are best at, leading to increased productivity and higher living standards. Additionally, globalization encourages cultural exchange, sharing of knowledge, and collaboration on global challenges.


Where is globalization now?

Globalization is currently at a point where advancements in technology and transportation have made it easier for countries to connect and trade on a global scale. However, there is also increasing discussion and debate around issues such as income inequality, environmental impact, and national sovereignty as a result of globalization.


What is A consequence of globalization is political boundaries?

Globalization results in the loss of cultural uniqueness of individual cultures in lieu of the formation of a blended culture that is a result of the various component cultures. Globalization takes focus off of the individual culture and places it on the collective culture.


How has globalization affected the study of geography?

the effect of globalization on information technology could be thatthe more people in the world the more knowledge there is to be shared with computers. as the human race develops there is alway a chance of someone being born who will know more.


How has globalization affected Kenya?

Globalization has brought both opportunities and challenges to Kenya. On one hand, it has opened up new markets for Kenyan goods and services, leading to increased trade and investment. However, it has also exposed the country to economic fluctuations and competition, impacting local industries and employment. Additionally, globalization has influenced cultural exchange and technological advancements in Kenya.

Related Questions

What are some globalization questions?

what is globalization? what are advantages and disadvantages of globalization? what is free trade


On globalization and its effects in the held of law enforcement in the Philippines what are its advantages?

effect of globalization in law enforcement?


What are the advantages of using computer system for working?

globalization,education and job creation


What are the 2 of the best advantages of globalization for the pacific rim counties?

The spread of globalization combines dozens of almost sub-process like advantages under one name (financial, communal, technical, educational, political, environmental, greater cultural influence). An advantages of globalization include the spread of democracy, more ways of money flow (especially in the poorest countries), new markets in developing nations, improved quality of products, and integrated media. Globalization is so complicated a thing, so multi-faceted, that it is quite debatable what branches of it are advantages, and what can be classified as cultural assimilation.


Advantages of science and technology in your society?

Very broad question, but among the biggest advantages of technology is the globalization of information and communication. Now we can communicate with the world instantly.


What are the advantages of globalization for developed countries?

Fall in the cost of products, increased choices of goods and availabilty of goods.


Advantages and disadvantages of globalization on health care?

adavantages of globilization is that medicicnes all over the world spread


What primary advantages does globalization offer the people of developing countries?

It can raise the standard of living by bringing in capital and increasing employment.


What primary advantages does globalization offer the people of developed nations?

Access to new markets and inexpensive labor. <----- correct novanet answer.


What primary advantages of globalization offer the people of developing countries?

It can raise the standard of living by bringing in capital and increasing employment.


What are some traditional trade theories of globalization?

mercantilism, absolute advantages principle, comporative advantages principle, factor proportions theory, international product life cycle, dependency theory.


A student is writing an explanatory essay on the effects of globalization. Which of the following statements could be used as a thesis for this essay?

Globalization has given consumers greaater access to foreign products