71%
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Polished transcript:
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This has really transformed international business in ways that were unimaginable a few decades ago. Before, businesses mainly operated within their own countries with minimal collaboration and segmented markets. It was all very local. But now, thanks to globalization, those barriers have pretty much dissolved. This means that customers can easily buy from overseas, and producers can market their own products to the world, which not only increases their income but also makes transactions smoother and more efficient. However, it's not all sunshine and rainbows. The flip side is that competition has intensified significantly, and businesses have to constantly innovate to stay ahead, differentiating themselves from the others.
Actual audio transcript (What native speakers are likely to hear):
This is really transformed international business in ways that were unimaginable a few decades ago. Before, business mainly operated within their own countries with a minimal collaboration and segmented market. It was all very local. But now, thanks to globalization, those poorer have pretty much dissolved. This means that customers can easily buy from overseas and then the producer can market their own product to offer the world, which not only puts their income for business but also makes transaction smoother and more efficient. However, it’s not all sunshine and rainbows. The flip side is that competition has intensified significantly and business have to constantly inoffit to stay ahead. Difference from the others.
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