Asked by Firdaus Azman on Sep 27, 2024
Verified
Globalization opens up greater financial opportunities for companies while also adding foreign competition that could potentially reduce financial returns.
Foreign Competition
Refers to the competition that domestic companies face from companies located in other countries.
Financial Opportunities
Prospects or chances for individuals or organizations to gain financial benefits or profits, often through investments, business ventures, or other economic activities.
- Understand how globalization and financialization influence the distribution of power, income, wealth, and economic growth internationally.
Verified Answer
CC
catalina carrillo1 day ago
Final Answer :
True
Explanation :
Globalization allows companies to access new markets and customers, but it also increases competition from foreign companies, which may limit financial returns from that market.
Learning Objectives
- Understand how globalization and financialization influence the distribution of power, income, wealth, and economic growth internationally.
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