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Question (En)
How has globalization affected trade practices and the economy of the area?
Answer (En)
Globalization has significantly impacted Belize City's economy by increasing trade opportunities and foreign investment. The expansion of port facilities has boosted trade, making the city a key logistics hub. Additionally, globalization has spurred growth in tourism, attracting international visitors and influencing local businesses. However, it has also introduced challenges such as competition and economic dependence on global markets. Overall, globalization has integrated Belize City more deeply into the global economy, affecting its economic dynamics.
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