Question

Why globalization is good?

Answer 1

Companies may find more cost-effective ways to export their goods as a result of globalization. It also increases global competition, which lowers costs and provides buyers with a wider range of options. People in both developing and developed countries benefit from lower prices so they can work well on less capital. Globalization is a positive process for many countries. Globalization provides corporations with a strategic edge. It assists them in lowering their operating costs. They are able to gain access to international opportunities and new raw materials.

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Answer 2

Globalization allows companies to find lower-cost ways to produce their products. It also increases global competition, which drives prices down and creates a larger variety of choices for consumers. Lowered costs help people in both developing and already-developed countries live better on less money