Florida receives international and domestic arrivals.
The benefits are growth of the local economy, growth of local industries in the manufacturing and service sector. It has also led to fascinating architectural developments in the area of trade,improvement of security and growth of local infrastructure.
Under feudalism it was the Lords who had control over the land, most of the money, and therefore the political structure of the entire country. Serfs and peasants had little to no influence.
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<em>Globalization</em> is a process that aspires to enlarge bussiness operations around the world, making use of technological advancements, as well as political and socioeconomic development.
On developed countries, it was proven beneficial as it led to economic growth. But on developing ones, it was harmful to their economy as the costs of it, outweighted the benefits. Although <em>free trade</em>* boosts opportunities for international trade, it also rises the risk of failure for smaller companies that cannot compete internationally.
*Free Trade: policy that erases discrimination against imports and exports.