1. Globalization and Development
It also brings new jobs and technology to different countries and makes profits for the car company that can be re-invested in making ever better cars. ... Technological change makes the benefits especially large and therefore increases incentives to liberalize trade, particularly as companies will pressure for opening so they can profit from outsourcing production. ... From a political perspective, foreign competition can bankrupt domestic businesses (which may benefit consumers with better value, more efficient goods, but disadvantages domestic companies whose employees face redund...
- Word Count: 7309
- Approx Pages: 29
- Grade Level: Graduate