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Globalization, while essential to the success of the global marketplace, has a darker, less visible side. It benefits some third world countries, most wealthy countries, as well as large, well-known multinational companies. It, however, causes the economies of many countries and smaller companies to collapse. In an effort to promote competition worldwide, globalization has actually rendered it impossible for some companies that were successful locally to transfer their success to the global stage. It has also blocked investments and growth of some poorer, third world countries. Globalization decreases poverty in some countries while simultaneously increasing it in others.
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Shakti
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