Review of Lessons 1 and 2

In your own words, write down a short paragraph about how Globalization has affected our
country.

Globalization is that the affiliation of various elements of the world. In political

economy, economic is written as a result of the tactic at intervals that businesses,
organizations, ANd countries begin operative on a worldwide scale. But it to boot affects and
is crammed with politics and culture.

In general, economic process has been shown to extend the quality of living in

developing countries, however some analysts warn that economic process can have a negative
impact on native or rising economies and individual staff.

Globalization provides businesses with a competitive advantage

by allowing them to supply raw materials where they are cheap. method to boot provides
organizations the likelihood to want advantage of lower labor costs in developing countries,
whereas investment the technical expertise and talent of extra developed economies.

With economic process, totally different elements of a product is to

boot created in many regions of the world. method has long been used by the
automotive business, for instance, where totally different elements of a automobile might even
be manufactured in various countries.