Problem:
As your think tank expands its focus to international and global economic issues, Gabe wants you to address the following situation and prepare a report on globalization. The report should consist of opportunities and threats caused by globalization and the reactions from them. Gabe has also explained that you have done really well on your previous assignments and are proving to be an important addition to the economic strategy research team.
You must address the following in your report:
1. Define globalization.
2. Explain how globalization affects the market economy.
3. Identify 4 opportunities caused by globalization.
4. Identify 4 threats caused by globalization.
5. Explain how globalization affects the gross domestic product (GDP).
6. Explain your thoughts on globalization in your own words (e.g., is it bad or good? Why or why not? Does it affect all countries?).