What are the Advantages of Globalisation (There are 10!)

-Trade incentivises Specialisation. This Increases Output -Globalisation allows Nations to exploit their Comparative Advantage, better Efficiency and Allocation of Resources -Producers benefit from Econ of Scale and Lower Production Costs. Global Sourcing lowers Raw Materials Costs -Lower Prices presented to Consumers -Greater Choice of Goods and Services to Buy -World GDP rose because pf Globalisation. -Improved Living Standards and Absolute Poverty have dropped Globally. Employment has Increased -Increased Growth and Output good for Macroeconomy Objectives -More Competition leads to Lower Prices for Consumers -Increased Awareness, and Better Responses to Foreign Disasters and Global Issues and their Consequence's