Podcast
Questions and Answers
What are some benefits of globalization for producers and manufacturers?
What are some benefits of globalization for producers and manufacturers?
Ability to sell products on a global scale without restrictions
How does globalization impact labor costs for businesses?
How does globalization impact labor costs for businesses?
Businesses obtain labor at a very low cost in poor countries
What opportunities does globalization offer to firms dealing with the global market?
What opportunities does globalization offer to firms dealing with the global market?
Invest in shares or equity, sell services or products in any nation
What are some economic advantages of globalization for developing nations?
What are some economic advantages of globalization for developing nations?
Signup and view all the answers
What are some negative consequences of globalization?
What are some negative consequences of globalization?
Signup and view all the answers
