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1. What are the benefits of producing and using local goods and services?
a. Why is there a high preference by consumers for foreign goods?
b. What can be done to reverse this trend?
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- Choose a household item that you think is a product of globalization. In an essay, explain why it is a product of globalization and describe the process of globalization that circulated the production of such items. Also, describe the development of the country where the item originated from.Are the basic functions of exporting and domestic selling the same?Consider complex global connections based on your own experiences. For example, what item from other part of the world did you buy for the past months? How does it arrived at the store, mall or sellers possession?
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