Explain five merits of globalization to the Kenyan economy.
Answer Text: -creation of more jobs.It spreads jobs and employment to the country which has high unemployment due to low economic development.-Cheaper products. It brings the cost of products down by bringing the cost of labour down.-Has lead to increased direct investments. It has made rich countries to invest in Kenya.-It has lead to a greater and faster movement of information. This has helped Kenyans to overcome cultural barriers.-Wider market. It has increased international market for Kenyan products.-Increased free trade. Allows increased free trade between nations as global companies overcome trade barriers by setting up production units overseas
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