Prepare in easy on how you view globalization enclouding contribution on social economic development also with it's limitations
Answer (1)
Globalization is the process where countries, businesses, and people connect worldwide through trade, technology, culture, and communication. It contributes to social and economic development by creating jobs, improving access to goods and services, spreading technology, and encouraging cultural exchange. For example, international trade allows local products to reach global markets, increasing income for businesses and workers. Technology transfer can improve education and healthcare.However, globalization has limitations. It can increase inequality because richer countries and people benefit more. Local industries may struggle against stronger foreign competitors. Cultural traditions can be weakened, and economic crises can spread faster across countries.
