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Share your definition of globalizaion and whether or not it has more merits or demerits

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Share your definition of globalizaion and whether or not it has more merits or demerits. Discuss, for example, how it benefits developing nations--in addition to more-Internet-accessible and English-dominant developed nations. Be sure to cite at least 3 credible references (many are available Online) and to demonstrate via statistics and examples how it has or HAS NOT helped raise the standard of living in the development countries.