The globalization of production has been increasing as companies take advantage of lower barriers to international trade and location economies.

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The globalization of production has been increasing as companies move production to locations where they can take advantage of lower costs, whether through cheaper labor, lower taxes, or other factors. This has been facilitated by lower barriers to international trade, as well as improvements in transportation and communication technologies that make it easier for companies to manage production across different locations. Location economies also play a role, as companies seek to benefit from proximity to key suppliers or customers, or from access to specialized skills or knowledge in certain regions.

The Globalization of Production Has Been Increasing as Companies Take