Business Agreement and Globalization

Globalization is the ultimate destination of economic growth. Conventionally, it is believed that globalization is achieved by liberating the market from government regulations out of the expectations that markets will operate more freely. On the other hand, experts express that globalization is achieved through the active participation of the government to regulate global fair trade. Government intervention encourages globalization by creating sets of desirable agreement between the local and foreign market. Some examples are international trade agreements, reduce tariffs, and other similar structures.

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