Question

State one point of argument in favour of globalization.

Hint:

Globalization can help reduce poverty and promote economic development by increasing access to international markets and capital.

Answer 1

Step 1: Define globalization.
Globalization refers to the process of increased interconnectedness and interdependence among countries, particularly in terms of trade, investment, and communication.
Step 2: One argument in favor of globalization.
One key argument in favor of globalization is that it promotes economic growth by allowing countries to access larger markets, increase trade, and improve productivity through competition and innovation.
Step 3: Impact of globalization.
This expanded economic opportunity leads to increased investment, higher employment, and better access to goods and services, benefiting both businesses and consumers.