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Globalization has significantly impacted Armenia by enhancing its economic integration with international markets, fostering trade, and attracting foreign investment. This has led to increased access to goods and services, as well as technology transfer, which can boost local industries. However, globalization also poses challenges, such as vulnerability to global economic fluctuations and pressure on local culture and businesses. Overall, while globalization offers opportunities for growth, it necessitates careful management to mitigate potential downsides.

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4mo ago

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