There is a general misconception that market-seeking FDI in domestic sectors, such as retail, yields little development impact. The opposite is true, FDI in retail has been a key driver of productivity growth in many countries, resulting in lower prices and higher consumption. Large-scale foreign retailers are also forcing wholesales and food processors to improve.

Globalization facilitates cultural change and understanding among nations. It promotes the flow of ideas, art, and culture across borders, enriching societies and fostering a global perspective. Additionally, globalization encourages specialization, where countries can focus on producing what they do best and trade for the rest, leading to greater efficiency and economic benefits. It is crucial for governments to manage globalization's impact to ensure that it benefits all, and not just a select few.

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