The Brands of Economic Globalizations



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The Brands of Economic Globalizations

Economic globalization has both benefits and drawbacks. the figure shown is dressed in a variety of imported apparel. He wears a variety of imported brands, luxury jewelry, branded shoes, designer clothes, etc. There are benefits of Economic Globalization that can be beneficial to the economic state of a county. Some multinational organizations hire personnel from other countries who are compensated well. That is why some Filipinos prefer to work abroad rather than stay in the Philippines since the opportunities are better abroad. Economic globalization also has disadvantages. Because of brand stereotypes, an individual is more willing to wear foreign brands than locally produced brands due to economic globalization. Mostly believes that foreign products are more trendy, durable, and elegant than local brands. Because of globalization, we have neglected to purchase our own locally produced goods. Their perspective determines a person's viewpoint on Economic Globalization. Economic Globalization, on the other hand, is a supporter of economic expansion because it raised the number of job openings and helped lower the unemployment rate.




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