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What are the changes globalization brought in the market?

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As a result of globalization, markets expanded in a big way. Not only that important markets of the world have also been linked. With this, the change in one market began to affect other markets also. For example, following the 11 September 2001 (9/ 11) terrorist attack on the World Trade Centre in New York, there was a crisis in the American economy. It seriously affected the software industry in India. It adversely affected our business and professional fields. Many lost their jobs. It is through Software industry, BPO industries like Call-Centres, etc. we get connected to the global economy. Many Indian companies give cheap services to many consumers in developed nations. Indian software industry and other services have a world market.

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