Economic globalization and real-world competition

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  Cultural - Globalization allows different people all over the world to connect, learn and understand new cultures.

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  Fifth, a related driver of globalization is market competition.

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  conflict with the policy of economic institutions like the World Trade Organization and the World Bank and would therefore need to be rejected.

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  capital flows, and more rapid and widespread diffusion of technology" (IMF, World Economic Outlook, May, 1997).