BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Globalization and interdependence have economic effects, like the increased competition between local and foreign businesses, investment of multinational companies in the developing world, employment opportunities in some regions, and unemployment in others.

Detailed explanation-2: -Globalization is a term used to describe the increasing connectedness and interdependence of world cultures and economies.

Detailed explanation-3: -The need for countries to rely on each other for these resources creates a global interdependence. In fact, the drive of globalization creates a robust interconnection of the world network through borderless operations of countries, making it easier to interact, trade and build a co-operative world.

Detailed explanation-4: -Job loss. ‍One of the most debated negative effects of globalization is the loss of jobs. This is particularly the case in developed countries, such as the US, from where many services and unskilled labor have been outsourced to developing countries.

Detailed explanation-5: -One of the best and easiest examples of economic interdependence is international trade. Trade that takes place between two or more countries is due to the lack of production capabilities of a specific product of one country and the mastery in production of the same product of the other country.