Two major types of globalisation are described by Aregbeshola (2017, 7), namely

market and production globalisation.

In essence, market globalisation involves merging of previously discrete and

independent markets into a global structure. Market globalization thus enables

international trade via removal of trade barriers. Differing consumer tastes from

various parts of the world set new global standards, which enable them to receive the

same products from different companies. Globalization...
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