Globalization
My understanding of globalization is defined as where you can get the most resources for the cheapest price, where you can get the best talent where it is available, where you can produce at its most cost effective, where it can be sold at its maximum profit, and finally no national boundary.
Pros:
- A greater opportunity to collaborate internationally.
- A wide range of foreign products.
Cons:
- More competition or conflict.
- Loss of employment.
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