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Globalization drives economic change through the relocation of industries from advanced countries (ACs) to emerging and less developed countries (EDCs and LIDCs), facilitated by transnational corporations and containerization. Economic restructuring leads to shifts in labor sectors, creating opportunities for some while exacerbating social inequalities for others. Structural economic changes can result in both positive outcomes, such as increased job opportunities and improved living standards, and negative
- Author
- akyy1000
- Language
- EN