7:10
the can produce at lower costs specifically 7:13
production of simple good is no longer profitable very few products 7:18
like textiles toys are white goods purcell produced in industrialized 7:22 countries 7:22 up 7:25
on it becomes clear 7:29
if localization takes place at many areas such as politics 7:33
culture and the economy declining costs of transport and communication 7:38
and the global liberalization markets the field this trend 7:42
while some countries benefit from globalization 7:45
it is exacerbated problems and others thus 7:49
globalization presents both new opportunities and 7:53
new challenges