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This material may consist of step-by-step explanations on how to solve a problem or examples of proper writing, including the use of citations, references, bibliographies, and formatting. This material is made available for the sole purpose of studying and learning - misuse is strictly forbidden.Globalization is one of the key developments of the 21st century that has led to diminishing borders of economies and has also promoted trade and free movement of products and services across economies. Due to globalization, economies are able to increase the choices available to the consumers and they can specialize in production of goods and services in which they have comparative advantage....