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Question
Assess any three advantages of globalization.
Solution
Merits of globalization are :
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Local companies that supply raw materials to MNC's have prospered.
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Globalization has enabled large Indian companies to emerge as a multinational. For example- Tata Motors, Infosys, etc
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Globalization has also created new opportunities for companies providing services, particularly those involving IT.
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Better quality of products arising from increased competition
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Increases the purchasing power of an individual
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Best practices of production get disseminated across political boundaries.
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