Globalization: Beat Unemployment And Jobs Outsourcing

Continents and countries are getting closer with technologies and science. With airplanes, Internet, phones and computing, the distances between countries have been shortened and communications have become more immediate and interactive.

As such, companies can have different parts of their plants operating from different locations, without sacrificing the quality of the products and the delivery time.

Riding on low exchange rates of these countries, companies can be certain of bigger profit margins since they will have lower costs.

This is the effect of globalisation.

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