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Question
Evaluate any three benefits of globalization.
Solution
The three benefits of globalization:
- Globalization is a multi-dimensional phenomenon: It implies that it has multiple impacts, including political, cultural, and economic ones. It has unified everyone on earth.
- Globalization is a component of inter-connectedness: Today's connected world allows for the transfer of people and ideas from one country to another. Additionally, it has caused the movement of goods and people across international borders.
- Technological development: Technology has advanced as a result of globalization, and our current communication system is revolutionising. The advancement of technology has improved international trade relations and encouraged the export and import of goods.
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