
What are opportunities and threats of globalization
Updated: Feb 22
While there are opportunities from globalization, there are threats as well to a country
Opportunities from globalization to a country
Increased international specialization
New business opportunities from increased exports and imports
Access to skilled talent and technology across the world
Threats from globalization to a country
Competition against local business from imports and multinational corporations
Increasing competition for skilled labour and capital
Employment opportunity loss to lower income economies.
RELATED CONCEPTS
International business
Import & Export
Employment
Developing economies
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