What does globalism and internationation contribute to the develogrent of our economy
Answer (1)
Expanding Markets - They allow businesses to access global markets, increasing trade and boosting production.Attracting Investment - Foreign direct investment brings capital, technology, and expertise to local economies.Job Creation - International companies set up operations in different countries, creating employment opportunities.Innovation and Knowledge Transfer - Exposure to global ideas and technologies helps local industries improve.Improved Efficiency - Competition from international markets encourages local businesses to become more efficient and competitive.Overall, they integrate economies, promote growth, and raise living standards.
