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1. Why it is important or necessary to study the concept of globalization in understanding the contemporary world? (Six sentences only) 2. Cite one Problem

1. Why it is important or necessary to study the concept of globalization in understanding the contemporary world? (Six sentences only)

2. Cite one Problem or issue in country that hinders us from attaining true and genuine development.

3. Compare and contrast. capitalism (market allocation) and socialism (command allocation).

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