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What is one economic advantage of globalization mentioned in the text?
Apuntes
23-44 Tue Apr 7 2013 Dashboard Calendar To-do Notifications Inbox Page Details Switch To Light Mode # The Pros and Cons of globalization Globalization has many advantages and disadvantages. Here are the main points discussed in the video: - Cost Efficiency vs. Environmental Degradation - Economic Development vs. Labor Exploitation < 4 > Google Slides Previous Next 23-44 Tue Apr 7 2013 Dashboard Calendar To-do Notifications Inbox Page Details Switch To Light Mode # Some Advantages of Globalization  < 5 > Google Slides Previous Next 23-44 Tue Apr 7 2013 Dashboard Calendar To-do Notifications Inbox Page Details Switch To Light Mode # Cost Efficiency Economic Efficiency: By producing in countries like Vietnam and sourcing materials globally, companies like Nike can take advantage of lower labor and material costs, thus increasing their profits. Lower Prices for Consumers: Companies can sell their products at cheaper prices due to global manufacturing and sourcing materials from various countries. Google Slides Previous Next 23-44 Tue Apr 7 2013 Dashboard Calendar To-do Notifications Inbox Page Details Switch To ...
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