Globalization is a fact of economic life.

Summary

This quote emphasizes the undeniable reality of globalization in the modern world. It acknowledges that globalization is a fundamental aspect of the global economy, where countries are interconnected through the exchange of goods, services, and ideas. It implies that globalization has reshaped economic relationships and trends, influencing the way businesses operate and nations interact. The quote suggests that understanding and adapting to globalization is crucial for individuals, organizations, and governments to thrive in the interconnected global marketplace.

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