What are the economic benefits of globalization?
What are the economic benefits of globalization? In general, globalization decreases the cost of manufacturing. This means that companies can offer goods at a lower price to consumers. The average cost of goods is a key aspect that contributes to increases in the standard of living. Consumers also have access to a wider variety of goods. How have trade agreements helped Globalisation? Globalisation of trade offers immediate benefits: faster growth, higher living standards and new economic opportunities. On the downside, not all countries have benefited equally from the globalisation phenomena. What are the economic benefits of trade? Trade allows U.S....