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Globalization defined here as the increased flows of goods, services, capital, people, and information across borders - has been the source of many worries in Europe over the past decade, way before the global financial meltdown of 2008. In many European countries, globalization is more often perceived as a threat than as an opportunity. Some see a narrow threat to their jobs, others to their broader social welfare, and yet others to their entire way of life. At the same time, globalization promises opportunities to other European actors, especially those who can serve new markets or existing markets with cheaper inputs.
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