Case Studies Asia The globalization of trade has led to the influx of foreign goods and the decline of traditional local markets.
Case Studies Asia The globalization of trade has led to the influx of foreign goods and the decline of traditional local markets. Local vendors struggle to compete with cheaper imported products, impacting their livelihoods and the preservation of traditional cultural practices. SouthAmerica Globalization has brought increased demand for mass- produced goods, leading to a decline in local artisanal industries.This has resulted in the loss of traditional craftsmanship and the erosion of cultural heritage.