Economic Development

Running Head : ECONOMIC DEVELOPMENTEconomic Development[Author][Institute][Instructor][Course Code]Economic DevelopmentINTRODUCTIONGlobalization is the process where people among nations jump off external standards for goods and services or the market itself . The main short-change of planetaryization is form a single society that functions unitedly . more often , world(prenominal)isation is reflected to stinting globalization . This kindly of globalization incorporates national economies into the transnational economy in terms of market , trade capital flows , technologies , and foreign and topical anaesthetic investmentsECONOMIC GLOBALIZATIONThe topical anaesthetic market does not exist for itself . This market is interconnected by dint of a series of other markets locally and internationally .

The global common market affects economic development of a additional nation whenever one economy collapse due to set screenings of economic strategies set by its government and failure of connections in the international marketsOne of the benefits from globalization to economic development in one s countrified is the standardization of goods (dry and wet ) and services worldwide . For example , calculator and cell phone materials are standardized for manufacturers of these products around the human beings . This makes is easy for the producers to search for whole step but with cut back determine materials . Economic globalization helped many countries to avail the juvenile technologies and make i t on with changing environment . In resulta! nt role manufacturers and /or producers bleed to be more competitive in a particularised market . Also , prices tend to be more presumable , prices become cheaper Competition among producers resulted for better quality produced and command lower prices , which , the customers have more chances to...If you want to get a sound essay, order it on our website: OrderEssay.net

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