![]() This is because they are able to establish economic opportunities for the manufacturing sector.įor instance, let’s look at the CHAFTA legislation between Australia and China. All countries that sign these agreements benefit greatly. Thanks to them, the access to the global market is open and equal. However, ironically, it’s globalization that’s helping them solve these challenges.įree trade agreements are the result of globalization. In fact, some of these challenges may have been brought forth by globalization. As we discussed in one of our earlier blogs, there are a few challenges that the manufacturing sector is currently facing. Though skeptics might disagree, globalization has had a positive effect on the manufacturing industry. Impact of Globalization on Industrial & Manufacturing Industry
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