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Answer the following questions: (minimum 150 wor ds for each question), number each question. 1. What are the major waves of globalization? 2. Is the

Answer the following questions: (minimum 150 wor ds for each question), number each question.

1. What are the major waves of globalization?

2. Is the US economy relative open? Briefly discuss.

3. Which countries are the major partners of the US?

4. Why is globalization important?

5. What caused the global recession of 2007-09?

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