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Major regional trading blocs

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List 4 effects of globalization that impact an organization and community?

What are some major regional trading blocs?

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Globalization means operating in the world economy as a single economy. Globalization is a compulsion now. It promotes the most efficient and cost-effective use of resources. The market encourages productivity and efficiency gains from specialization, it builds economies of scale, it improves efficiency because of greater competition. Globalization is as powerful a force as democracy is. The parallels are obvious. Like democracy spelt ...

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This discusses the concepts related to major regional trading blocs