Economic Development

Running Head : ECONOMIC DEVELOPMENTEconomic Development[Author][Institute][Instructor][Course Code]Economic DevelopmentINTRODUCTIONGlobalization is the process where people among nations snare external standards for goods and services or the securities industry itself . The main bring up of planetaryization is form a single society that functions unitedly . to a greater extent often , world-wideization is reflected to economic globalization . This kindly of globalization incorporates national economies into the internationalist economy in terms of market , trade capital flows , technologies , and foreign and topical anaesthetic investmentsECONOMIC GLOBALIZATIONThe topical anaesthetic market does not exist for itself . This market is interconnected by dint of a series of other markets locally and internationally .
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The global common market affects economic development of a particular(prenominal) nation whenever one economy collapse due to set bear outs of economic strategies set by its government and failure of connections in the international marketsOne of the benefits from globalization to economic development in one s country is the standardization of goods (dry and wet ) and services worldwide . For example , reckoner and cell phone materials are standardized for manufacturers of these products around the humanness . This makes is easy for the producers to search for role but with cut back determine materials . Econom ic globalization helped many countries to av! ail the new technologies and deposit it on with changing environment . In effect manufacturers and /or producers bleed to be more competitive in a particularised market . Also , prices tend to be more presumable , prices become cheaper Competition among producers resulted for better quality produced and command lower prices , which , the customers have more chances to...If you want to get a sound essay, order it on our website: OrderCustomPaper.com

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