as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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list the positive and negative effects of globalization.
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the positive effects of globalization include increased global trade, increased investments in developing countries, enhanced communication between cultures, improved standards of living, and greater opportunities for business. on the other hand, the negative effects of globalization include increased environmental pollution, exploitative sweatshop labor, increased inequality within and across countries, increased risk of pandemics, and cultural homogenization.
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