How does common law and civil law affect international trade between two countries?

Make each section separate paragraphs
Answer the question:
How does common law and civil law affect international trade between two countries?

Respond to classmate Emma
What do believe are the most important benefits to globalization?
The cited article starts by telling us what Globalization is before diving unto the benefits.

“In international economics, globalization is the web of relationships between economies worldwide by way of international trade and investments.”

The economy can benefit from globalization in many ways that we may not necessarily notice every day. Globalization can increase economic growth. This growth can then increase the international exchange of goods and technological advances. If we see an increase in economic growth we can also expect to notice better living standards and higher incomes. Higher incomes will then lead to less poverty and the overall well-being of a country over time.

Globalization can also bring more opportunities to poorer countries by allowing companies to move their production from high-cost locations to lower-cost locations abroad. This can mean bringing jobs and other economic opportunities to countries with fewer resources.

I believe the biggest pro when researching globalization is bringing countries together through trade and investment. We are much more comfortable, and stronger when we can rely on our partners during turbulent times. Without these global relationships, we would not be able to connect to other parts of the world through partners as easily for expansion as well.

Source: https://www.masterclass.com/articles/how-globalization-works-pros-and-cons-of-globalization

Respond to classmate: Brooke

What are some of the key benefits organizations can experience with the globalization of markets?
Globalization essentially allows organizations to produce products at a lower cost. Consumers in turn pay a lower cost for the products and have access to a wider variety of products. The concept of globalization offers several benefits to companies and consumers. Globalization allows access to different cultures and technologies, both of which can be beneficial when entering a new market or search for new talent for the organization. Globalization increases competition and allows goods to be distributed on a wider scale that would only otherwise be consumed by a limited number of households. Globalization allows businesses to focus on product improvement through research and development and the use of improved technology. Although the concept of globalization presents challenges in addition to benefits, it ultimately allows for the exchange of information between cultures and creates a sense of open mindedness in the world of trade.

Source: https://www.bis.org

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