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Globalization: Opportunities & Threats

  • Globalization provides access to a wide market for capitalists and industrialists to supply products according to demand.
  • Introduction of AI models has broken linguistic barriers for accessing crucial information in the education sector globally.
  • Globalization in medicine, facilitated by organizations like the World Health Organization, has enabled the distribution of crucial vaccines worldwide.
  • Challenges of globalization include impact on small-scale industries, tariff hikes, cult branding influencing consumer choices, erosion of domestic production, and environmental degradation.

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