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28 March, 13:47

What is the effect of globalization?

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  1. 28 March, 14:17
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    First of all the principal cause and effect of globalization is international trade, which has expanded substantially. A growing trade has often been followed by higher economic growth, although not in all cases. For example: Annual growth rates of GDP in East and Southeast Asia were 6-8 and in Latin America and Sub-Saharan Africa they averaged less than half a percent per year.
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