3201 Quiz: 10 Positive Effect of Globalization
Document Summary
Give at least 10 positive effects of globalization. Explain why or how it affects. it refers to the global. In economic terms, interdependence that free trade has generated. Globalization provides corporations with a competitive advantage on several levels. They can save operational costs by producing in other countries, buy raw materials more cheaply as tariffs are reduced or eliminated, and, most importantly, get access to millions of new customers. Globalization is a phenomenon that affects society, culture, politics, and law. In terms of social groups. interaction, it encourages more engagement between different. Globalization refers to the cross-cultural exchange of ideas, values, and artistic expression. Globalization also denotes a movement toward the creation of a one global culture. Globalization has changed the way international law is made and implemented from a legal perspective. Globalisation has a number of positive effects, including: foreign direct investment (fdi) in developing countries has increased, more cultural interchange as a result of increased human mobility.
