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What is globalization? Is it beneficial? Why or why not?

Globalization is the global integration of the international trade, investment, information, technology
and cultures. It is beneficial in the growth and development of countries. Through globalization,
corporations can gain competitive advantage from lower operating costs, and access to new raw
materials and additional markets.

How did the economic system of the world evolve?

The economic system evolves through economic globalization.

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