Globalisation 1

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For good or ill, globalisation has the economic buzz-word of the 1990s. economies are undoubtedly becoming steadily more as cross-border flows of trade, investment financial capital increase. Consumers are buying foreign goods, a growing number of now operate across national borders, and are investing more than ever before far-flung places.
Whether all of is for good or ill is topic of heated debate. One, positive is that globalisation is an unmixed , with the potential to boost productivity living standards everywhere. This is because globally integrated economy can lead to better division of labour between countries, low-wage countries to specialise in labour-intensive while high-wage countries use workers in productive ways. It will allow firms exploit bigger economies of scale. And globalisation, capital can be shifted to country offers the most productive investment , not trapped at home financing projects poor returns.