Globalisation

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Globalisation

Advantages

  • Standard Of living
  • EOS
  • Choice
  • Reduces Poverty
  • Tax
  • Technology

Disadvantages

  • Negative externalities from Trade
  • Over Dependence
  • Inequality
  • Exploitation of labour
  • Exploitation of resources
  • Contagion

Evaluation

Will a country benefit from globalisation? Depends on if they have a comparative advantage, how regulated their labor market is, the level of their domestic production, and largely on the governance and running of the country. 

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