The United States and Japan, the two largest economies in 1

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The United States and Japan, the two largest economies in 1

The United States and Japan, the two largest economies in the world, are also the largest importers and exporters of goods and services. However, imports and exports put together comprise only 20 to 30 percent of their GDPs. This percentage has not changed much over the last three decades for both of these countries. Does this imply that the corporations and the media may be overemphasizing globalization? Discuss why you agree or do not agree with the last statement.

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