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How has globalization affected trade practices and the economy of the area?
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Globalization has significantly influenced Boston economy, particularly in the sectors of education, technology, and finance. The city has attracted international students, researchers, and professionals, enhancing its global reputation. Boston***s tech and biotech industries have established strong international partnerships, and its financial sector benefits from global investments. However, globalization has also introduced challenges, such as increased competition and the need to adapt to global market fluctuations, making Boston***s economy more interconnected yet vulnerable to international trends.
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