Globalization of the economy has led to more specialization at the local level.

Name: Globalization of the economy has led to more specialization at the local level.
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As the global economy becomes more interconnected, local businesses and industries must find ways to differentiate themselves and specialize in niche markets in order to compete on a global scale. This has led to increased specialization and fragmentation at the local level.

Globalization of the Economy Has Led to More Specialization at the Local