What does elucidate mean Information and translations of elucidate in the most comprehensive dictionary definitions resource on the web. Important political developments, such as the ongoing trade conflict between the United States and China, are also directly related to globalization. If youre looking for meanings of the word elucidate, please see a list of them below. Definition of elucidate in the dictionary. These companies would not be able to exist if not for the complex network of trade routes, international legal agreements, and telecommunications infrastructure that were made possible through globalization. For example, many of the largest and most successful corporations in the world are in effect truly multinational organizations, with offices and supply chains stretched right across the world. Globalization is also important because it is one of the most powerful forces affecting the modern world, so much so that it can be difficult to make sense of the world without understanding globalization. Globalization is important as it increases the size of the global market, and allows more and different goods to be produced and sold for cheaper prices.
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In the world of business, globalization is associated with trends such as outsourcing, free trade, and international supply chains. Countries today are more connected than ever before, due to factors such as air travel, containerized sea shipping, international trade agreements and legal treaties, and the Internet. In essence, globalization is about the world becoming increasingly interconnected.
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