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What is globalization?
Globalization is stretching business activities worldwide idolizing international strategies. It enhances global communications which are possible only due to technological advancement, political development, socioeconomic development, environmental development.
Aims of globalization are to give a tough competition to achieve greater products, services, and consumers. This competition is the cause of diversified resources and creation and development of new scopes of investments.
Economics of Globalization and Development Homework Help now mentions the instruments of globalization. To study this in details, you will have to click on our official homepage.
Instruments of globalization:
- GDP
- Industrialization
- Human development index
Let’s now know the role of globalization in economic development:
Our team of Economics of Globalization and Development Assignment Help now discusses how globalization affects our economy. The most important thing about globalization is being connected internationally as said earlier. This is one of the reasons for theimprovement in theeconomy as it improves the quality of life escalating the standard of living. Different researchers say that higher the globalization higher will be a positive effect on the economy. Internationally opening up financially increases the FDI, which welcomes managerial knowledge and new technologies. This in turn promotes the human standards of the host country.
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