Answered: the impact of globalisation and…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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assess the impact of globalisation and international trade on national economies.

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Globalisation

Any country's economic condition is significantly altered by globalization, and any country's federal government strategies for economic development are also altered. Globalization allows for the free flow of goods, services, capital, manpower, and resources. As a result of the globalization of economies, trade restrictions are being lowered, increasing economic stability and improving the living conditions of individuals in their own countries.

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