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Opportunities and Threats Caused by Globalization

As your think tank expands its focus to international and global economic issues, Gabe wants you to address the following situation and prepare a report on globalization. The report should consist of opportunities and threats caused by globalization and the reactions from them. Gabe has also explained that you have done really well on your previous assignments and are proving to be an important addition to the economic strategy research team.

You must address the following in your report:

Define globalization.
Explain how globalization affects the market economy.
Identify 4 opportunities caused by globalization.
Identify 4 threats caused by globalization.
Explain how globalization affects the gross domestic product (GDP).
Explain your thoughts on globalization in your own words (e.g., is it bad or good? Why or why not? Does it affect all countries?).

Solution Preview

As your think tank expands its focus to international and global economic issues, Gabe wants you to address the following situation and prepare a report on globalization. The report should consist of opportunities and threats caused by globalization and the reactions from them. Gabe has also explained that you have done really well on your previous assignments and are proving to be an important addition to the economic strategy research team.

You must address the following in your report:

Define globalization.
Globalization is related the changes in the world economy and societies because of sudden increase in cross-border trade, investment, and cultural exchange. This is the process in which economic and other activities are carried out across national borders. Globalization is the expansion of economies beyond the countries' national borders. It is an ongoing process of integrating societies, economies, and culture.
Explain how globalization affects the market economy.
Globalization affects the market economy because Globalization is an expression of the market economy itself. The market economy has increased so much that it has become economic globalization. the effect on market economy are that there is greater removal of trade barriers, ...

Solution Summary

This explanation provides you a comprehensive argument relating to globalization

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