Globalization contributes to sustainable prosperity for all. By sharing knowledge of technologies and cures we can all achieve a higher standard of living. It increases competition which helps bring down prices letting people get above the poverty line. Globalization is crucial to prosperity for everyone.and share knowledge of cures for different sicknesses that may have been discovered. Globalization also affects competition for goods and services, by increasing the supply, the price of these goods is driven down. This is why globalization benefits the world.
Embracing globalization and liberalizing trade