Many developing countries from Middle East to South America have attempted to master the process of development but have failed.
And one of the major reasons behind this is "Domestic Monopoly Power." Most of these countries are trapped in their local markets and do not open their markets internationally.
Domestic group interests have small incentives to open up their markets to international firms with advanced technologies.
However, if they even try to open their borders, they still remain trapped in low or middle levels of income.That's why poor countries remain poor over the period of time.
It is correct to say that globalization has a tremendous impact on cultures across the world, whether large or small. Some effects of globalization are:
- Formation of commercial alliances
- Increase in immigration
- Technological development
- Speed of information flow
- Increased competition
- Increase in consumerism
- Formation of multicultural societies
<h3 /><h3>What is globalization?</h3>
It is a worldwide phenomenon that has made relations between countries closer, in the social, political, economic and cultural spheres, having been formed through developments in technology and means of transport.
For citizens, globalization has increased the possibilities of migration to other countries in search of better job opportunities and an increase in the quality of life.
As for companies, it generated the possibility of internationalizing processes in search of increasing profitability. And for politics, it generated a series of agreements and alliances between countries to obtain mutual benefits.
Therefore, globalization has made the world more connected, with a faster flow of information and greater diversity of cultures living in the same environment.
Find out more about globalization here:
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Answer:
b. The rise of the Tammany Hall political machine.
Explanation:
The rise of the Tammany Hall political machine was the best demonstration of the power of Irish immigrants in New York. This organization helped to empower thousands of New Yorkers, mainly Irish Catholic immigrants, in the late 1800s.
Rome’s constitution was a written collection of laws.
