Discuss the advantages and disadvantages of taking your business to an international Market.

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Discuss the advantages and disadvantages of taking your business to an international Market.

Identify at least two (2) laws that would affect operating a business internationally and assess their probable effects on operations.

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Identify at least two (2) laws that would affect operating a business internationally and assess their probable effects on operations.

Discuss socioeconomic and demographic changes that could affect Avon.

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Discuss socioeconomic and demographic changes that could affect Avon.

What forces drive small businesses into international marketing? What are the advantages and disadvantages of going global? What strategies can small businesses use to go global?

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What forces drive small businesses into international marketing? What are the advantages and disadvantages of going global? What strategies can small businesses use to go global?

What is the different between WTO and GATT and their roles in globalization?

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What is the different between WTO and GATT and their roles in globalization?

What would the first-year costs be to AML if it purchased five new 40-foot containers? How long would it take to recoup the investment, assuming that the mushroom traffic continued?

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Aero Marine Logistics (AML) was incorporated as a Private Limited Company in South Delhi in the year 1996. The promoters of AML are two professionals who had gathered 15 years of experience working for Tata Steel (one of the biggest and oldest companies in India) in the field of shipping, customs clearance, forwarding, and transportation. Over the last five years, AML has been successful in building an infrastructure and pool of experienced personnel to handle the entire gamut of logistics. In fact, it was one of the first companies to offer door-to-door delivery. It considers itself the specialists in customized solutions and services—a concept that is still unheard of in the transportation industry in the rural belts of northern India. AML handles the entire package of logistics for all its customers. Some of the services they offer include the following.
• Import consolidation. AML has a well-spread network of offices and trade connections in the United States, Europe, the Far East, and the Middle East to render import consolidation by both air and sea to any part of India. It promises a personalized, prompt service with value for cost.
• Door-to-door services. AML is fully equipped to deliver door to door, which includes cargo pickup from the supplier’s warehouse, warehousing prior to customs clearance, complete customs clearance of exports from overseas, and freight booking with airlines and shipping lines to receive cargo in India. It also undertakes local customs clearance and transportation to deliver to the door of the customer.
• Exports. AML has expertise in handling exports of various kinds of cargo by ocean and by air freight. It ensures the timely movement of cargo at the most competitive rates. It takes care of both the complete export documentation formalities and the physical movement of cargo.
• Consultancy on customs and logistics. AML is well-equipped with professionals to guide customers regarding various modes of transportation and to help customers to optimize utilization of space and save on freight. It acts as liaison with different authorities, such as the RBI (Reserve Bank of India), Port Authority of India, India Civil Aviation Regulatory Body, TEXPROCIL (The Cotton Textiles Export Promotion Council of India), DGFT (Directorate General of Foreign Trade), and so on, on behalf of clients for various permissions and quotas related to import and export of cargo. This could perhaps be classified as its most valuable service, which it hopes will build up its brand image. The red tape, bureaucracy, lack of work ethic, and corruption preclude anyone lacking either clout or established relationship channels (with babus or permanent government employees, notorious for their apathy toward fulfilling job duties and penchant for taking bribes) to do business in India.
To enable itself to offer these services, AML has partnered with various associates all over the world to render forwarding services to its customers. It has covered warehouse space of 1,000 square meters and has the ability to arrange for additional space. It has its own two 407 Tata trucks for pickup and delivery of small consignments. It has dedicated a fleet of five low-bed trailers for pickup and delivery of containers. All the field personnel have been provided with two-wheelers for faster conveyance between various points of work.
AML has grown rapidly and recently established an online presence whereby clients can place orders online and check the status of their cargo. So far, the increase in sales from the online presence has not been much. Most of AML’s clients are spread out in rural areas and, except for customers in Delhi, do not have access to the Internet. Today, AML is handling an average of 200-plus TEUs (20-foot container equivalents) of imports and exports every month between Delhi and Mumbai (Bombay), which is the nearest big port (a distance of 1,407 kilometers; see Exhibit 8-A.) Luckily, most containers are used for traffic in both directions; moving empties is unproductive. Main items for export are bathroom fittings and spares, machine spares and agricultural equipment, machine spares and chemicals, scientific equipment, medical equipment spares and chemicals, food processing machinery, furniture and kitchen equipment, and interiors. Main items for import are automobile engines and spares, cotton yarn, food products, electronics, televisions and components, rice, stone for stone crafting, and so forth.
Recently, one of the AML partners, Mr. S. Singh, was approached by the Chairman of Freshfoods, Mr. R. Maan, with a promise of a huge potential volume (150,000 kilograms per month) for importing frozen mushrooms from Europe if AML would build up its Indian infrastructure to handle such volumes. Freshfoods is the biggest regional exporter and importer of food products in North India. It was founded 20 years ago by a collective of farmers wanting to find markets for their surplus produce of exotic and nonnative foods (like avocados and strawberries) that did not have much local demand except for five-star hotels catering to mostly foreign tourists. The shift in eating habits in recent years had prompted Mr. Maan to promote mushrooms as a daily food item in a major way. To keep the price of imported mushrooms comparable with locally grown food items, huge quantities would have to be transacted to make use of economies of scale.

Mr. Singh realized that the first order from Mr. Maan was an experiment and that further orders would depend on whether the product caught on or not. AML needed to bet on a huge surge in demand for frozen mushrooms in the region if it wanted to be part of this new trend from the very beginning. Singh’s partner—Mr. Kumar—is wary of investing heavily on the basis of this one order. After some bargaining, Mr. Mann agreed that Freshfoods would ship approximately 150,000 kilograms of mushrooms per month for 12 months and will pay $.20US per kilogram of mushrooms.
If AML decided to handle this product, it would need to add some equipment to its flatbed trailers to provide power to the refrigeration units on the containers. This is a one-time cost of nine lakhs (one lakh = $2,222US). With temperatures soaring to 50 degrees Celsius/122 degrees Fahrenheit (and the hot wind called loo—notorious for deaths associated with heat waves), for most of the long hot summer the energy costs of meeting special conditions could be prohibitive. AML expects them to total about three lakhs on an annual basis.
Mr. Singh then made inquiries to his rail carrier about the costs of leasing refrigerated containers. He was disappointed to learn that leasing was almost impossible. The container leasing companies wanted exorbitant rates because there was no backhaul traffic requiring refrigerated equipment and because some areas in North India were too isolated if they needed to send a worker to service malfunctioning equipment. The container leasing company did, however, offer to sell used refrigerated 20-foot containers for seven lakhs apiece and would agree to service them for one year at an additional cost of 1 lakh per container. The used containers could be expected to last another five years. In a meeting involving Mr. Singh, Mr. Maan, and Mr. Veejay, a carrier representative, it was decided that ten 20-foot containers would be sufficient to handle the projected volume of mushrooms. Each container would make one round-trip each month. The cost of ocean freight expense from Amsterdam to Mumbai is $1700US for a single 20-foot container. The cost of land transportation per single 20-foot container from Mumbai to Delhi is $300US. Return costs for empty containers from Delhi to Mumbai to Amsterdam are half as much, although about 10% of the time, another cargo can be found that will cover the costs of return transport.
As the meeting broke up, Mr. Veejay said that the mushrooms were not a very dense cargo and that Mr. Singh could be using 40-foot refrigerated containers, which held twice as much as a 20-foot container, though handling costs were less than twice as much. The cost of ocean freight from Amsterdam to Mumbai is $2600US for a single 40-foot container. The cost of transportation per single 40-foot container from Mumbai to Delhi is $500US. Return costs from Delhi to Mumbai to Amsterdam are half as much, although about 10% of the time another cargo can be found that will cover the costs of return transport. Mr. Veejay felt that the 40-foot containers would need to be purchased. Five would be needed, with each making one round-trip per month. Containers were only available new, and the cost would be 15 lakhs apiece. Maintenance anywhere was guaranteed for the first year, and the containers had an estimated life of 10 years.
Deliverables
This week’s lab consists of five questions. Please be certain you answer all the questions and address all the areas outlined in the grading below.

L A B S T E P S

Step 1: First Year Costs

Question 1: What would the first-year costs be to AML if it purchased the 10 used 20-foot containers? How long would it take to recoup the investment, assuming that the mushroom traffic continued?
Step 2: Recouping Investment

Question 2: What would the first-year costs be to AML if it purchased five new 40-foot containers? How long would it take to recoup the investment, assuming that the mushroom traffic continued?
Step 3: Risk

Question 3: Is either of the alternatives presented in questions 1 and 2 riskier? Why?
Step 4: Supply Chain Participates

Question 4: Mr. Singh has read about the supply-chain concept that attempts to identify and link all the participants from suppliers’ suppliers to customers’ customers. Who are all the participants in the supply chain, a part of which has been discussed in the case?
Step 5: Sharing

Question 5: Logistics partnerships involve sharing costs and risks. What are all the costs and risks that this venture entails? How might they be shared?
Step 6: Final Step

Submit your completed assignment to the this week’s Lab Dropbox in a MS Word document for grading. The cover page should adhere to the APA 6.0 guideline.
(See Due Dates for Assignments & Exams in the Syllabus for due dates).
Grading Rubric

• Be sure to answer all the questions.
• It is recommended that you show all of your work. If you only provide the answers and any of them are incorrect, you will lose all of the points allocated to the incorrect answer. However, if you show your work you might be able to obtain partial credit even if the answer is incorrect (e.g., you set up the problem correctly but you make a math error in your calculations).

What are the challenges faced between spain and singapore, in terms of trade?

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What are the challenges faced between spain and singapore, in terms of trade?

How has the trade between spain and singapore evolved the last twenty years?

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How has the trade between spain and singapore evolved the last twenty years?

How is Spain’s trade relations with Asia, especially Singapore.

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How is Spain’s trade relations with Asia, especially Singapore.

WHAT IS THE MEANING OF EXPORT SUBSIDIES, VARIABLE LEVIES, AND CONVERTIABLE CURRENCIES?

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WHAT IS THE MEANING OF EXPORT SUBSIDIES, VARIABLE LEVIES, AND CONVERTIABLE CURRENCIES?

What is the meaning of prior import deposit subsidies, supplementary duties, and trade deficits?

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What is the meaning of prior import deposit subsidies, supplementary duties, and trade deficits?

What are the many ways we can facilitate the exchange?

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What are the many ways we can facilitate the exchange?

What term from incoterm 2000 would you recommend under each of these scenarios?

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What term from incoterm 2000 would you recommend under each of these scenarios?

Here are several theories explain the motives for international trade and foreign investment. Can you please explain three of these theories?250 WORDS.

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Here are several theories explain the motives for international trade and foreign investment. Can you please explain three of these theories?250 WORDS.

What factors affect diffusion into the global marketplace?100-150 WORDS.

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What factors affect diffusion into the global marketplace?100-150 WORDS.

What are some key political restrictions on cross-border trade? 200 words.

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What are some key political restrictions on cross-border trade?
200 words.

What are the two primary purposes of export packing? 150 words.

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What are the two primary purposes of export packing? 150 words.

Discuss some of the challenges associated with international logistics? 150 words.

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Discuss some of the challenges associated with international logistics? 150 words.

Need an introduction for ECCO A/S global value chain case. Just one page is fine.

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Need an introduction for ECCO A/S global value chain case.

Terms of Payment found in international business contracts include:

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Terms of Payment found in international business contracts include:
a. CFR (cost and freight, foreign port)
b. Consignment
c. Documentary Drafts
d. all of the above
e. (b) and (c) above

Under what circumstances is it advantageous to take a deduction rather than a credit for taxes paid in a foreign country? 150 words

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under what circumstances is it advantageous to take a deduction rather than a credit for taxes paid in a foreign country? 150 words

what is the maximum amount of foreign tax credit that a company will be allowed to take with respect to the income earned by a foreign operation?

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what is the maximum amount of foreign tax credit that a company will be allowed to take with respect to the income earned by a foreign operation? 150 words

In two or three paragraphs, please discuss the Kantian ethics philosophical approach and also how it relates to international business.

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In two or three paragraphs, please discuss the Kantian ethics philosophical approach and also how it relates to international business.

How will you mitigate the risk? How would your answers change if a small business needed to build their own facility in a foreign country?

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Christina Barbin
Week 1 Assignment 5
Small Business Management

Ken’s new innovative product is going to increase the speed of the current PDA’s but will also change the entire demand on the PDA market. Because the primary purpose of Ken’s product is to increase the speed of the current PDA’s, Ken should name his business ‘FastAccess’. Ken has put a large amount of time and energy into his business and he already has 2 orders that have been placed by large organizations. I would recommend that Ken form FastAccess as himself being the sole proprietor. Ken’s business should be a sole proprietorship and an S corporation because it has a moderate investment and is likely to be run single handed.
Sole proprietorship is the simplest way of starting a business, requiring less paperwork and legal filings when both starting your business, and on an ongoing basis. However, with sole proprietorship, your business is legally indistinguishable from yourself, which means that your personal assets are at risk if you are liable for your business activities. (Scarborough p. 73) As the sole proprietor, Ken can quickly create FastAccess. This will allow him to capitalize on the PDAs manufactures’ readiness and willingness to incorporate his technology into their products. Once the business is formed Ken will have a better chance to get the $250,000 loan for his manufacturing costs. The tax exemptions that will accrue to this form of organization especially those that accrue in the form of an SME will definitely help Ken to get tax holidays and tax exemptions and even allow Ken to get bank loans with very low rates of interest. This is the best choice of organization. As the sole proprietor, Ken will also be the ultimate decision maker. He will be the one to decide how he wants to develop his products and be the only person to receive profits from his business.
Ken also needs to form a ‘FastAccess’ strategic management plan. This means that he needs to create a vision and mission statement to help guide his business.

Vision: The vision of FastAccess is to have our technology in every device where it can make a difference in the lives of those who use devices such as PDA’s, mobile phones, and other portable electronic devices.
Mission Statement: FastAccess is determined to offer the highest value and quality item to the communication industry in an effort to increase the experience of those who use the products worldwide.

Ken also needs to perform a SWOT analysis FastAccess.

Strengths: Newest technology available
Experience in the field
Weakness: Knowledge of Laws and Legalities of owning a business
Lack of Sales experience
Opportunities: Loyal Clients
Relationship building skills
Aware of competition and new releases in the market
Threats: Competitive Market

Ken also needs to be aware of his direct and indirect competitors that offer the same or similar products or services but only in a small number of areas and whose target customers will seldom overlap. (Scarborough p. 51) FastAccess needs to monitor the actions of their significant competitors and spend minimal time monitoring the indirect competitors to stay ahead.
The goals and objectives of FastAccess will be in areas such as sales, becoming debt free, and increasing their market share. Ken should set goals to meet these objectives that are attainable and measurable. They should be in the S.M.A.R.T format of specific, measurable, achievable, realistic and timely. They should also be written down and communicated to all involved.
Once the strategy is in place, there need to be action plans. By defining the purpose, scope, contributions, the resource requirements, and timing needed (Scarborough p. 62); it will be easier for Ken to oversee the production processes. This will help him to ensure that the product continues to fulfill his mission statement.
Finally, Ken must create a way to monitor how effective his plan is and rather they are staying on target. Controlling projects and keeping them on schedule means that he has to first identify and then be able to track KPI’s or key performance indicators. (Scarborough p. 63) Creating a scorecard that takes all perspectives into account is the best way to monitor success of the business. By doing this he can determine if his strategies are working correctly and if he needs to take any actions to correct things as he progresses in his company.

References

Scarborough, N. (2012) Effective Small Business Management: An Entrepreneurial Approach. (10th ed) Prentice Hall: New Jersey.

When a small business enters international markets using an export broker, it faces various risks that usually do not exist in domestic trade. In your opinion, which are the most important risks? Is entering the international market via an export broker worth taking the risks? Why or why not? At what point will you deem the risk too high? If you can mitigate a risk, which risk will you choose? Why? How will you mitigate the risk? How would your answers change if a small business needed to build their own facility in a foreign country?

1 Page limit

Although global sourcing can be beneficial it may have some disadvantages such as

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Although global sourcing can be beneficial it may have some disadvantages such as
a. added costs
b. exchange rate fluctuations affecting prices
c. quality control
d. all of the above
e. (b) and (c) above

ofstede’s culture dimensions have been enormously influential on OB researchers and managers. Nevertheless, his research has been criticized.

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Create a 10 slide Microsoft PowerPoint presentation (not including cover and reference slide) explaining how understanding differences in values across cultures can be used by managers when interacting with employees from different countries. After reading the section in Chapter 5 on international values, select one country, then research the Kaplan library or Internet to find additional information on that country. In your Microsoft PowerPoint presentation address the following :

400 words

Chapter 5 on international values
One of the most widely referenced approaches for analyzing variations among cultures was done in the late 1970s by Geert Hofstede. 82 He surveyed more than116,000 IBM employees in 40 countries about their work-related values and found that managers and employees vary on five value dimensions of national culture:

● Power distance. Power distance describes the degree to which people in a country accept that power in institutions and organizations is distributed unequally. A high rating on power distance means that large inequalities of power and wealth exist and are tolerated in the culture, as in a class or caste system that discourages upward mobility. A low power distance rating characterizes societies that stress equality and opportunity.

● Individualism versus collectivism. Individualism is the degree to which people prefer to act as individuals rather than as members of groups and believe in individual rights above all else. Collectivism emphasizes a tight social framework in which people expect others in groups of which they are a part to look after them and protect them.

● Masculinity versus femininity. Hofstede’s construct of masculinity is the degree to which the culture favors traditional masculine roles such as achievement, power, and control, as opposed to viewing men and women as equals. A high masculinity rating indicates the culture has separate roles for men and women, with men dominating the society. A high femininity rating means the culture sees little differentiation between male and female roles and treats women as the equals of men in all respects.
● Uncertainty avoidance. The degree to which people in a country prefer structured over unstructured situations defines their uncertainty avoidance . In cultures that score high on uncertainty avoidance, people have an increased level of anxiety about uncertainty and ambiguity and use laws and controls to reduce uncertainty. People in cultures low on uncertainty avoidance are more accepting of ambiguity, are less rule oriented, take more risks, and more readily accept change.

● Long-term versus short-term orientation. This newest addition to Hofstede’s typology measures a society’s devotion to traditional values. People in a culture with long-term orientation look to the future and value thrift, persistence, and tradition. In a short-term orientation , people value the here and now; they accept change more readily and don’t see commitments as impediments to change.

How do different countries score on Hofstede’s dimensions? Exhibit 5-7 shows the ratings for the countries for which data are available. For example, power distance is higher in Malaysia than in any other country. The United States is very individualistic; in fact, it’s the most individualistic nation of all (closely followed by Australia and Great Britain). The United States also tends to be short term in orientation and low in power distance (people in the United States tend not to accept built-in class differences between people). It is also relatively low on uncertainty avoidance, meaning most adults are relatively tolerant of uncertainty and ambiguity. The United States scores relatively high on masculinity; most people emphasize traditional gender roles (at least relative to countries such as Denmark, Finland, Norway, and Sweden).

You’ll notice regional differences. Western and northern nations such as Canada and the Netherlands tend to be more individualistic. Poorer countries such as Mexico and the Philippines tend to be higher on power distance. South American nations tend to be higher than other countries on uncertainty avoidance, and Asian countries tend to have a long-term orientation.

Hofstede’s culture dimensions have been enormously influential on OB researchers and managers. Nevertheless, his research has been criticized. First, although the data have since been updated, the original work is more than 30 years old and was based on a single company (IBM). A lot has happened on the world scene since then. Some of the most obvious changes include the fall of the Soviet Union, the transformation of central and Eastern Europe, the end of apartheid in South Africa, and the rise of China as a global power. Second, few researchers have read the details of Hofstede’s methodology closely and are therefore unaware of the many decisions and judgment calls he had to make (for example, reducing the number of cultural values to just five). Some results are unexpected. Japan, which is often considered a highly collectivist nation, is considered only average on collectivism under Hofstede’s dimensions. Despite these concerns, Hofstede has been one of the most widely cited social scientists ever, and his framework has left a lasting mark on OB.

Recent research across 598 studies with more than 200,000 respondents has investigated the relationship of cultural values and a variety of organizational criteria at both the individual and national level of analysis. Overall, the four original culture dimensions were equally strong predictors of relevant outcomes, meaning researchers and practicing managers need to think about culture holistically and not just focus on one or two dimensions. Cultural values were more strongly related to organizational commitment, citizenship behavior, and team related attitudes than were personality scores. On the other hand, personality was more strongly related to behavioral criteria like performance, absenteeism, and turnover. The researchers also found that individual scores were much better predictors of most outcomes than assigning all people in a country the same cultural values. In sum, this research suggests that Hofstede’s value framework may be a valuable way of thinking about differences among people, but we should be cautious about assuming all people from a country have the same values.

The GLOBE Framework for Assessing Cultures Begun in 1993, the Global Leadership and Organizational Behavior Effectiveness (GLOBE) research program is an ongoing cross-cultural investigation of leadership and national culture. Using data from 825 organizations in 62 countries, the GLOBE team identified nine dimensions on which national cultures differ. Some—such as power distance, individualism/collectivism, uncertainty avoidance, gender differentiation (similar to masculinity versus femininity), and future orientation (similar to long-term versus short-term orientation)—resemble the Hofstede dimensions. The main difference is that the GLOBE framework added dimensions, such as humane orientation (the degree to which a society rewards individuals for being altruistic, generous, and kind to others) and performance orientation (the degree to which a society encourages and rewards group members for performance improvement and excellence).

Which framework is better? That’s hard to say, and each has its adherents. We give more emphasis to Hofstede’s dimensions here because they have stood the test of time and the GLOBE study confirmed them. However, researchers continue to debate the differences between them, and future studies may favor the more nuanced perspective of the GLOBE study.

what is MySpace birth, success of business in global market or failure, and what should MySpace do now

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what is MySpace birth, success of business in global market or failure, and what should MySpace do now
Min 200 words

From the 2012 London Olympics site (http://www.london2012.com/ ), please select any “two important issues”/events/program-related problems that impact International Business.

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From the 2012 London Olympics site (http://www.london2012.com/ ), please select any “two important issues”/events/program-related problems that impact International Business. Briefly discuss these (two paragraphs) with references.

Can you please discuss what is advantage and disadvantage of globalization?”

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Can you please discuss what is advantage and disadvantage of globalization?”

Can you please give some example and discuss about the negative side of globalization.

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Can you please give some example and discuss about the negative side of globalization.