Explain one positive and one negative effect of globalization.

Answered: Explain one positive and one negative…

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter20: The Global Economy

Section: Chapter Questions

Problem 19AA

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Explain one positive and one negative effect of globalization.

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Globalization: globalization is a process in which workers, goods and services, capital, etc. move all over the world. It means if a good is being produced in America then it can be consumed by a person living in any country in the world by importing the good. In the case of workers, a worker can move to any country for employment in the case of globalization.

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