Question: please write an answer between 600 and 750 words 5. 'The phenomenon of globalisation has given rise to major benefits and costs for countries and

please write an answer between 600 and 750 words

5. 'The phenomenon of globalisation has given rise to major benefits and costs for countries and companies in the contemporary world economy.' Discuss this statement by considering the following questions: a) What are the major long-term trends that underpin the rise of globalisation since the 1980s? (8 marks) b) What do supporters of globalisation see as its major benefits for countries and international firms? What do critics see as the major drawbacks and disadvantages of globalisation for international firms and countries? (10 marks) c) In recent years, we have seen a slowing down of globalisation. Why is this, how have the pandemic and economic crises of 2020-21 contributed, and what are the most recent trends impacting on international businesses? (7 marks)

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