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1. Latin America has been connected to places on the other side of the world since the arrival of the first Europeans

   • recent market openings have led Latin American countries to transform themselves in order to enter international markets
     • this brought certain advantages and disadvantages
       • advantages
         • The formation of more open economies: Increase in employments:
         • Globalization improves domestic productivity by expanding knowledge. Globalization has lowered prices The formation of more open economies