How does globalization cause the foreign sector to influence the economy?

Social Studies

1 answer:

max2010maxim [7]3 years ago

7 0

Answer:

The foreign sector influences the economy due to globalization in the way how the imports and exports of a country move between consumers and the firms. It affects the income and economic growth for developing countries whereas the prices are reduced in developed countries due to low labor rates in developing countries which are made achievable by globalization.

It also affects the cultures of each country where trade is being performed.

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