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Disadvantages Of Globalization

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Globalization, the integration and interdependence of domestic and overseas markets is one of the trends of the 21st century. It is often connected with economic growth, financial markets and international companies. Globalization refers to the increasingly free flow of goods, services, labor, and financial capital across the nations that encourage growth in increasing connections between advanced and developing countries around the world. Cost reductions because of development in communications technology and transportation have taken globalization to another level citation. It is now much easier for companies to collaborate with colleagues in other locations and countries.

It’s impossible not to think of any aspect of this modern era that globalization does not influence or affect in some way. The rising level of globalization takes a leading role in business, culture, the environment, international development, politics and science and technology. The advantages of globalization are including higher average incomes for the nations, innovation and cultural exchanges and it also has improved the living standards of some people around the world.

Globalization is much wider and broader than economics, In terms of human development. As we know, international markets provide much larger markets that will allow countries for more effective and efficient allocation of limited labor, physical and financial resources. Through these market mechanisms, economic globalization

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