Microeconomics
Microeconomics
11th Edition
ISBN: 9781260507140
Author: David C. Colander
Publisher: McGraw Hill Education
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Chapter 2, Problem 10QE
To determine

The impact of globalization on the specialization ability of a firm and the competitive process. 

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Why has the scale of global trade increased so dramatically since the mid-twentieth century? How has the nature of global trade changed since the 1960s? What are some of the advantages of globalization?
Explain what is meant by the globalization of markets. Provide an example. What are the most global markets?
What is economic globalization? Is it purely evil or is it a necessary evil? Why?
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