Globalization and global trade have led to increased competition in world markets and increased efficient allocation of

Question:

Globalization and global trade have led to increased competition in world markets and increased efficient allocation of scarce resources.
Is it accurate to say that this is contributing to increased consumer surplus and reductions in inflationary pressures?
If yes, how (explain using economic concepts and terms how it is occurring)?
Globalization and global trade have led to increased competition in world markets and increased efficient allocation of scarce resources.
Is it accurate to say that this is contributing to increased consumer surplus and reductions in inflationary pressures?
If yes, how (explain using economic concepts and terms how it is occurring)?