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Miscellaneous
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| Number of pages / Number of words: |
14 / 3867 |
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It might then provide benefits to one party, but also exposes disadvantages to another. Mucchielli et.al. (1998) advised that, for countries and firms, globalisation is characterized by openness of economies and a global market in which firms’ strategies focus on efficient resource seeking along with synergies and standardization in market offerings...
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Globalisation reflects the disappearance of trade barriers and state regulation (Fernandez Jilberto and Mommen, 1998). It is furthermore suggested that the most important aspects of economic globalisation are the breaking down of national economic barriers, the international spread of trade, financial and production activities, and the growing power of transnational corporations and international financial institutions in these processes (Khor, 2001)...
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