Answer:
yes
Step-by-step explanation:
So now that we understand some characteristics of these economies, let's examine how globalization affects them.
Globalization creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world. Thus, businesses located in developing countries have more access to capital flows, technology, human capital, cheaper imports, and larger export markets. Globalization allows businesses in less industrialized countries to become part of international production networks and supply chains that are the main conduits of trade.
Globalization gives access to the world market to transitional countries. They need to adapt their production capability, their prices, and their product quality to be competitive with the nations of the developed countries. Globalization changed and continues to change China. This country is becoming a major economic player in the global world.
Globalization allocates the production in the countries where it is the most efficient and less costly for the global world. Developed countries become more concentrated on services and research and development. The best example in the United States is Apple. Apple created and continues to develop iPhones in the US but outsources the mass production of iPhones in China where the costs are lower.