The following are the positive effects of globalization on different categories: 1. The globalization of the economy has also resulted in the globalization of trade and business. Now, every country in the world is adopting the policy of globalization. Globalization leads to contraction or shortening of the world market. With respect to developing countries, globalization policy has both positive and negative aspects. ![]() Globalization is a process of change resulting from a combination of increasing cross-border activity and the spread of Information Technology, facilitating real-time communication worldwide. Globalization means integrating the economy of a country with the world economy.
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