The term 'Global Shift' refers to the large-scale movement of economic activities, like manufacturing and services, from developed countries to emerging and developing countries. This shift happens because businesses are looking for cheaper labour and resources, which are often found in places like China, India, and Southeast Asia. As a result, many factories and offices are set up in these regions, leading to more job opportunities and economic growth there. However, it can also cause job losses in developed countries and lead to environmental and social challenges in the host nations. Understanding global shift helps us see how the world's economy is becoming more interconnected and how it affects different countries in various ways.
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