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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Answer:
Introduction:
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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