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Globalization with all its advantages also has its own drawback which can be seen in the current economy crisis which almost crippled the American Economy.How does the US economy affect the world?
The U.S. market economy affects all aspects of life in the nation and its impact is felt around the globe. Activity ... READ MORE The U.S. market economy affects all aspects of life in the nation and its impact is felt around the globe.How does globalization affect the spread of slavery?
The resulting spread of slavery demonstrates that globalization can hurt people just as easily as it can connect people. The rate of globalization has increased in recent years, a result of rapid advancements in communication and transportation. Advances in communication enable businesses to identify opportunities for investment.How does free trade affect the world economy?
The free trade of goods, services and information set the world economy into a cycle of income and employment growth. The downside is that it also led to declining money flows and tight credit across local and national economies.