One Way to Approach Globalization Is by Developing an "International

question 3

Essay

One way to approach globalization is by developing an "international division of labor." What exactly does that phrase mean? How does that global structure differently affect workers in developed and developing countries?

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Definitions:

Option Packages

Bundles of additional features or services that can be added to a product or service, often at a discounted price compared to purchasing each item separately.

Informed Shoppers

Consumers who research and possess a good understanding of the products or services they intend to purchase.

Purchase Decisions

Purchase decisions are the thought processes and determinations made by consumers regarding whether or not to buy a product or service, influenced by factors such as price, quality, and personal preference.

Online Shoppers

Individuals who purchase products or services over the internet using digital devices, contributing to the e-commerce sector's growth.