The benefits of privatization include: -better quality harvest-homes -lower priced products - more(prenominal) efficient firms which fall by the wayside in lower costs -makes costs lower for differentwise firms who use the product the privatized firm finds -this increases employment and incomes across the miserliness -Government no longer involve to subsidize product -Government makes reven ue from asset sale to spend on health, education etc -Promotes expert advancement, again creating jobs and growing incomes Globalization- Globalization is often used to link to economic globalization, that is, integration of national economies into the world(prenominal) economy through trade, immaterial direct investment, capital flows, migration, and the short-circuit of technology Globalization: -Allows specialization, so countries enduringness out produce more goods more efficiently, change magnitude incomes and lowering prices/costs -Countries stool produce what they are surpass out at and trade it for goods other countries fag end produce well, allowing two countries to benefit -Countries which check a low savings take can borrow money from overseas to invest, and so increase their incomes and jobs -Countries which have a high savings level and dont know what to do with it can invest it in other countries and earn a return -It makes technology improve ments flow between countries, so all countr! ies can reep the benefits of improved technology, by increasing incomes and jobs -It allows people to migrate between countries, increasing labour force mobility. This leads to high efficiency as people can run to the jobs they do best. This means higher incomes for all and increased jobs. -Globalisation increases competition, make firms more efficient -Globalisation allows outsourcing, which is beneficial as people can do the...If you want to get a full essay, fix up it on our website: OrderCustomPaper.com
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