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Enumerate 5 examples of globalization today and explain the advantages and disadvantages of globalization to humanity.
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- Jan Aart Scholte has argued that at least five broad definitions of ‘globalization’ can be found in the literature. Explain each in your own words.which of the following statements is true of globalization? a. it has curbed the growth of middle class in developing countries. b. it increases prices and decreases product and service quality. c. It leads to monopoly of domestic producers. d. it expands economic freedom and increases the living standards of people.Discuss the economic opportunities and threats of globalization for the least developed, developing and developed countries each.