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In developing countries, there is often a lack of capital which hinders the growth of domestic companies and hence, employment.
In such cases, due to global nature of the businesses, people of developing countries too can obtain gainful employment opportunities.
The world that we live in today is a result of several cultures coming together.
It has given an opportunity to invest in the emerging markets and tap the talent which is available there.Without it, the knowledge of new inventions and medicines would remain cooped up in the countries that came up with them and no one else would benefit.The spread of know-how can also be expanded to include economic and political knowledge, which too has spread far and wide.Globalization has become one of the most debated subjects of recent times.It has been hailed as one of the best things to happen to the world by its proponents, while opponents have labeled it as neo-imperialism.
Societies have become larger as they have welcomed people of other civilizations and backgrounds and created a whole new culture of their own.