Economics Mixed Economy Questions
The role of economic globalization in a mixed economy is to promote international trade and investment, allowing for the exchange of goods, services, and capital between countries. It provides opportunities for businesses to expand their markets and access resources from different parts of the world. Additionally, economic globalization can lead to increased competition, which can drive innovation and efficiency in domestic industries. However, it also poses challenges such as the potential for job displacement and income inequality. Overall, economic globalization in a mixed economy can contribute to economic growth and development, but it requires careful management and policies to ensure that the benefits are shared equitably.