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Globalization contributes to the Industrial Development of Emerging Economies

Introduction: In an increasingly interconnected global economy, globalization plays a crucial role for the development if industry in emerging economies. Industrial globalization denotes the international integration of economies via expanded trade, investment, and production across national borders. It encompasses the exchange of global supply chains, and the increasing movement of goods, services, capital, technology, information, and trade liberalization on a global scale. Emerging economies means those countries that are in the process of rapid industrialization and experiencing significant economic growth. They are also known as developing economies or transition economies. Its impact on the industrial development of emerging economies has been the subject of much debate and investigation. Aftermath of industrial globalization, door were opened for industrialist to produce and sale goods and services across the world. This essay explores the role of globalization in shaping the