which factors predicts how local firms in emerging economics will respond to multinational competitors? competitive assets and industry pressures to globalize formal and informal institutions market dominance and market fragmentation cooperation and signaling

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21-10-2022
Business

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which factors predicts how local firms in emerging economics will respond to multinational competitors? competitive assets and industry pressures to globalize formal and informal institutions market dominance and market fragmentation cooperation and signaling

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Qwmaggi Qwmaggi · Answer 1 · 2022-10-26T13:44:04+02:00

Globalization pressure is the factor which predicts how the local firms in emerging economics will respond to multinational competitors.

The term "globalization" is used to describe how trade and technology have increased connectivity and interdependence around the world. The resulting economic and societal developments are also included in the scope of globalization.

Globalization gives businesses in industrialised countries a competitive advantage. Globalization also benefits developing nations since they often have a lower cost of living, which attracts employment.

There are many causes of globalization, but some of the most significant ones are expanded commerce, increasing labour and capital mobility, and enhanced technology.

To know more about globalization refer to the given link:

https://brainly.com/question/15283031?referrer=searchResults

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