How does globalization affect the international trade?

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2026-07-17 18:00

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Globalization enhances international trade by reducing barriers such as tariffs and quotas, facilitating the flow of goods, services, and capital across borders. It fosters economic interdependence among countries, enabling them to specialize in production based on comparative advantages. Additionally, globalization encourages the exchange of technology and innovation, which can improve efficiency and productivity in trade. Overall, it creates a more interconnected global economy, expanding market access for businesses and consumers alike.

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