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How has globalization affected trade practices and the economy of the area?
Answer (En)
Globalization has brought both opportunities and challenges to Montego Bay's economy. The city has become a global tourism hotspot, attracting international investment and leading to the establishment of worldwide hotel chains and franchises. This has boosted trade and employment, particularly in tourism and the BPO industry. However, globalization has also introduced economic volatility, with Montego Bay***s economy becoming more dependent on global trends, such as shifts in tourism demand and international market competition.
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