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How has globalization affected trade practices and the economy of the area?
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Globalization has reinforced Memphis***s role as a logistics and transportation hub, with FedEx leveraging global trade networks to expand its operations. This has boosted the local economy and employment in logistics and supply chain management. Additionally, globalization has increased tourism, drawing international visitors to Memphis***s music and cultural landmarks. However, it has also introduced challenges such as competition from other global cities and the need for continuous infrastructure and service improvements to maintain its competitive edge.
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