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How has globalization affected trade practices and the economy of the area?
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Globalization has impacted Valencia by influencing its *trade practices, leading to increased import and export activities, especially in the **automotive and manufacturing sectors*. This has opened the local economy to foreign investments and international competition. However, economic challenges, such as currency devaluation and political instability, have also affected trade dynamics. Despite these hurdles, globalization has introduced modern practices and connected the region to global markets, fostering economic growth.
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