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Some insist that it will divide humankind even further between rich and poor. Others claim that it will assist the spread of economic development". Edward J. O’Boyle (2003:95)
No doubt that Globalization has increased the international flow of trade, capital, information, and people. Businesses are now only a mouse-click away from their customers and competitors throughout the world and it has delivered undeniable wealth and opportunity and created millions of jobs. However, it has some costly drawbacks as well.
This document investigates concepts of economic globalization and the knowledge economy...
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