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Question

Globalization has affected ______ and ______.

A
Employment opportunities in developing countries
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B
Local industries
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C
Both A and B
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D
None
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Solution

The correct option is B Both A and B
In a globalised world, cheaper imports have replaced the demand for domestic goods. Domestic manufacturers are facing competition from imports. Globalisation is, thus, often seen as creating conditions for the free movement of goods and services from foreign countries that adversely affect the local industries and employment opportunities in developing countries.

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