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Globalisation (Globalisation benefits (Examples (Has helped reduce gender…
Globalisation
Globalisation benefits
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Foreign direct investment: increase at a much greater rate,helping boost technology transfer,industrial restructuring,and the growth of global companies.
Economies of scale: Enables large companies to realize economy of scale that reduces cost prices,which in turn allows further economic growth,however this may hurt smaller companies domestically.
Technological innovation: Increased competition helps stimulate new technology department,helps improve economic processes by making it more efficient.
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Advantages
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Providing a superior education, trade, technology, competition and etc
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