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405 GSM Unit 5 Resources
405 GSM Unit 5 Resources
The concept of globalization of innovation is the zip between two funda- mental phenomena of
modern economies: the increased international integration of economic activities and the
raising importance of knowl- edge in economic processes.
Globalization has important impacts on the environment that must be considered in order to
achieve sustainable development. Environmental issues have gained center-stage in economic
analysis and policy-making, and their urgency has opened new opportunities in terms of
technological innovation and entrepreneurship.
Greater connectivity and higher rates of international travel have made it easier than ever for
individuals to see the effects of deforestation, habitat loss, and climate change on the
environment. This, in turn, has contributed to new laws, regulations, and processes that limit
negative effects.15-Apr-2021
Globalization can enable inclusive growth and poverty reduction and contribute to the
achievement of sustainable development.17-Oct-2017
Good ideas spread, and globalization lets them spread farther. Conversely, more time spent
with different cultures and their perspectives drive innovation. The American auto industry
learned quickly from its Japanese counterparts, for example, and built on their innovation.