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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1451 |
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This may also benefit consumers as it prevents companies from charging high prices. It also encourages better research and development and may even bring the country new technology.
Because globalisation increases economic freedom and creates competition, it increases the productivity as well as people’s standards of living in countries that open themselves to the global marketplace...
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(The benefits of globalization, 2006) Globalisation offers opportunities to global export markets, foreign capital and advanced technology for the less developed countries. As this will encourage faster economic growth, the result would be that it actually reduces poverty and improves labour and environmental standards of the country...
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