in what ways has globalization affected the region's cities?

Increase the tax evasion cases for companies and individuals.ģ. Lose of jobs from rich countries of poor or developed countriesĢ. FDI will come to a country with an acceptable amount of stability, and globalization may increase the stability.Ĭollins (2015) also gave some negative effects of globalization in the world regions such as:ġ.

in what ways has globalization affected the region

There is a high chance that foreign direct investment (FDI) will be given to the country along with the technology needed for developing nations.Ĥ. Grow the economy and lower prices of many goods.ģ. Decrease barriers like tariffs and taxes in an X country exports.Ģ. It all depends on how a country balances itself in the face of globalization.Īccording to Collins (2015), some world regions may be affected positively in terms of the following:ġ. However, the effect can be positive or negative. That shows us that globalization affected and continues to affect the world regions. Due to the movement mentioned above, the relationship between countries and marketplaces shapes one another at the national and international stages, and globalization is the number one contributor to help to alter that relationship (Ó Riain, 2000). So, from that description of globalization, the economist describes it in their own term, which refers to the interdependence of countries and nations throughout the world produced by free trade (Fernando, 2022). The movement of goods, technology, companies, knowledge, and employment outside national borders and cultures is called globalization. Globalization affects to the world regions

In what ways has globalization affected the region's cities?