"Globalization has a lot to untwine, but as I have read about it I kind of like the trend of globalization, the benefits of globalization and technical advancement are very similar. They have remarkably comparable outcomes: they boost national output and productivity, increase employment and salaries, and lower global product prices. Just like the rivalry in coca cola and PepsiCo there always competing and it helps that they are constantly bringing out new flavors or drinks and keeping prices low (for the most part). "

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Unfavorable Balance Of Trade

This topic is significant in the professional exams for both undergraduate and graduate courses, especially for