Explain the advantage a and disadvantage of globalization, International Economics

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Q. Explain the advantage a and disadvantage of globalization?

Advantages -

1. Economic growth

2. Lower cost

3. Improved availability of goods and services

4. Global prosperity and flow of productive resources

5. Incentive forresearch and adoption of innovations

6. Raise cheaper loans

Disadvantages-

1. Unavoidable risks like tradecycles

2. Undue political , economic and cultural risks

3. Problem of heavy debtedness

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