RUTA PANTERA
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Question (En)
How has globalization affected trade practices and the economy of the area?
Answer (En)
Globalization has significantly influenced Lima trade practices, fostering greater integration with global markets. Free trade agreements, such as those with the U.S. and China, have boosted exports, particularly in mining, textiles, and agriculture. Globalization has also brought foreign investment to sectors like real estate, banking, and retail. However, it has also increased competition for local businesses. While Lima has benefited from economic growth, globalization has also exposed it to global economic fluctuations, requiring careful economic management.
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