Globalization has led to the creation and standardization of more laws in international trade, business practices, and banking.
Globalization has significantly impacted the laws concerning international trade, business practices, and banking. It has forced nations and industries to create and standardize more laws to address the complexities brought about by the interconnected global economy. The increased interaction between parties in different countries has necessitated a clearer definition of what constitutes unethical behavior and illegal activities.
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