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Collaboration between nations of different cultural and racial backgrounds can encourage exchange between its people to allow better understanding of differences. An appreciation of this unique diversity can prevent conflicts, and also strengthen bonds between countries and its people.
In this era of globalization, many nations, particularly those developed countries have been greatly affected...
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One of the positive impacts of globalization is the large volume of trade as well as capital movement which has resulted in economic growth and modernization of many countries. For example, the capital transaction on an ordinary day in the FOREX market easily exceeds the US Federal Reserves. Advancements in science and technology have also improved the standard of living...
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