Critically discuss at least four (4) negative effects of Globalization and how these effects have affected the cayman islands

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
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Critically discuss at least four (4) negative effects of Globalization and how these effects have affected the cayman islands

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Globalization 

  • Globalization is the process of integrating the exchange of goods and services between countries. Globalization entails fostering interdependence and connectivity among countries in order to accelerate the advancement of resources and technology.
  • It is commonly accepted that it consists of two interconnected elements:
    • The lifting of international borders allows for the fast flow of commodities, resources, capital, personnel, and concepts.
    • Improvements in national and international systems and policies that support or nurture such flows.
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