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Globalisation (Transport and communication costs (Rapid advances in the…
Globalisation
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Globalisation evaluation - arguments in favour of globalisation are strong in the sense that there are potential gains for countries specialising in goods and services that they have the comparative advantage in. Some are against it as they feel that there are costs to the environment. There is increased vulnerability to external shock being more wide spread. Some politicians may impose protectionism policies due to transitional structural change for individuals in the economy