Answer: Globalization is the spread of products, technology, information, and jobs across nations.
Corporations in developed nations can gain a competitive edge through globalization.
Developing countries also benefit through globalization as they tend to be more cost-effective and therefore attract jobs.
The benefits of globalization have been questioned as the positive effects are not necessarily distributed equally.
One clear result of globalization is that an economic downturn in one country can create a domino effect through its trade partners.
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