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    Jennifer Romulo
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    Globalization provides benefits such as laying a foundation for worldwide economic growth by helping other countries with low growth rates expand their options. It also encourages competitiveness between countries in various markets by motivating innovation. Additionally, globalization raises productivity and efficiency across countries by necessitating higher production levels to supply larger global markets and export goods to other nations. It further helps development of underdeveloped countries by allowing imports of capital goods and exports of primary goods, supporting growth between larger and smaller nations.

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    Globalization provides benefits such as laying a foundation for worldwide economic growth by helping other countries with low growth rates expand their options. It also encourages competitiveness between countries in various markets by motivating innovation. Additionally, globalization raises productivity and efficiency across countries by necessitating higher production levels to supply larger global markets and export goods to other nations. It further helps development of underdeveloped countries by allowing imports of capital goods and exports of primary goods, supporting growth between larger and smaller nations.

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    4 views1 page

    DR 57 ZJ

    Uploaded by

    Jennifer Romulo
    Globalization provides benefits such as laying a foundation for worldwide economic growth by helping other countries with low growth rates expand their options. It also encourages competitiveness between countries in various markets by motivating innovation. Additionally, globalization raises productivity and efficiency across countries by necessitating higher production levels to supply larger global markets and export goods to other nations. It further helps development of underdeveloped countries by allowing imports of capital goods and exports of primary goods, supporting growth between larger and smaller nations.

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    of 1

    Jennifer E.

    Romulo
    BSIT-BA-1B

    Assessment Task 2-2

    Benefits Explanation

    Providing a foundation for worldwide Concerned not only to an individual


    economic growth. country’s
    economic growth, but “worldwide”. It helps
    other countries with low rate of economic
    growth to expand and explore other
    options in
    order for them to grow.

    Encouraging competitiveness between Encourage one another to push the


    countries in various markets. envelope and be inventive and imaginative
    when it comes to creating or marketing
    goods.

    Raising productivity and efficiency across The production must be higher for larger
    countries. markets. With a bigger market, exporting
    goods to other nations is necessary, and
    it's not enough to merely sell them to your
    neighborhood stores. This advantage
    pushes nations to increase their output in
    order to supply markets and other nations.

    Helping in the development of There are some nations that aren't as


    underdeveloped countries by allowing lucky as the others because the economy
    them to import capital goods (machinery is worldwide. However, as a result of the
    and industrial raw materials) and export global economy, larger and smaller nations
    primary goods (natural resources and have had the opportunity to support one
    raw materials). another in order to grow.

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