Despite these benefits, there are several cons with McDonalds, including, there is a wide variety of food to choose from, which gets some consumers confused (McDonalds Pros and Cons n.p.). Every year, supermarkets lose fifty billion dollars due to misused food., PESTLE- analysis The disadvantages of globalization include. Debt obligations at the end of 2018 totaled $31.1 billion. So, the depletion of natural resources, destruction of many ecosystems, and even deforestation are evident. Currently, its headquarters are located in Illinois, with many branches worldwide. Cons of Working at McDonald's. The downside of working at McDonald's is that it can be a high-pressure job. Case Study of McDonald's' Globalization, Detailed Information on the Coca-Cola Business Model for Your Essay, What You Need to Know About Coca-Cola's Social Responsibility, What You Need to Know When Using the MLA Format in a Paper. Any subject. Since 1955, the opening of the very first McDonalds corporation ever in Des Plaines, Illinois, McDonalds has burgeoned to over 36,000 restaurants worldwide in over 100 countries. And let's not forget all . The WTO has ruled over marine life laws and bans on endangered species products. In the fast food industry, and with McDonalds alone, many people are given jobs to provide manpower in a branch and deliver good service to customers. McDonald's are selling theirspecialtiesin other countries with a twist of local cuisine and flavor. Companies have to make the decision to increase prices or to let employees go to keep their businesses alive. Although Taco Bell and McDonalds operate in the same industry, these two companies have key differences. With a global approach, you develop and market the same product solution universally. Mcdonalds Globalization And Culture Pdf Thank you categorically much for downloading Mcdonalds Globalization And . You can learn more about what analysts said after the exit of McDonalds CEO in McDonalds Stock: Analysts Worry after CEO Exit. Begin with a fun "Name It" warm-up activity, then discuss key vocabulary while completing fill-in notes. Youtube and McDonald's wages differ.McDonalds minimal wage is $15 an hour.You usually get a raise if you moveup in position . McDonald pros and cons McDonald's has a global brand that makes it a top player in the restaurant industry. In other words, the con of cultural globalization is that there may develop one world culture (an Americanized world) rather than cultural diversity. At the same time, when their health is influenced, their lifestyle is also affected. Ericka mother warns all women dont get on the NuvaRing because it killed her daughter., For example consumer prices would go up in stores due to the subtraction of $1.5 trillion dollars that Latino family 's bring in annually. McDonald's is very unhealthy, It is NOT real meat, and also refuses to tell what it does to kids. Economically speaking, it's the integration of trades, markets, and investments of countries with low barriers, allowing the products and services to be shared and flow between nations. As local residents come to see McDonald's and McDonaldized systems as II own, the process of McDonaldization will . Relay to them your essay assignment and find people who are willing to help you. There aremany types ofglobalization. Of course, the positive impacts of this globalization include employment and enjoyment. Motivate employees to achieve high service levels in order to improve customer perceptions. Hc```f``9b@ NBX|8&0099] Businesses have more access to lower-cost ways to manufacture their products. Opening in 1948 Mcdonald's went from a small California burger stand to a global fast-food giant with over 30,000 locations in 118 countries. Aside from this analysis, more case studies have been made and are still being created to analyze the different aspects of the globalization of McDonald's. McDonalds generally borrows on a long-term basis and is exposed to the impact of interest rate changes and foreign currency fluctuations. As McDonalds has expanded globally, its global revenue has increased quite greatly as well. There are now more container ships and faster modes of transportation that made it easy to bring products from one country to another. The McDonald's brand began in 1940 when two entrepreneurs in San Bernardino, California, open the doors of "McDonald's Bar-B-Que." In 1948, the pair eliminated the barbeque options,. To mean the process by which the principles of the fast-food resteraunt are coming to dominate more and more sectors of American society as well as the rest of the world. While Americans may be to absent minded to care that the Golden Arches have polluted out minds other countries are very bias towards their classic cuisine that they have always loved. In two kitchens, they prepared burgers, cheeseburgers, Big Macs, fries, shakes, drinks, and ice cream. To continue, McDonalds has sued businesses in Denmark, the Philippines, Malaysia, China, Australia and the United Kingdom, due to the apparent usage of the prefix- Mc or similarly Mac. m"pl/`$ UO(C'/(Q1%]i\5_u9q D:k.L.W. When a company goes international they not only stimulate the economy in the host nation but it also leads to economic growth. One main driving force is the advancement of technology, like the internet. Tyler Cowen; Professor of Economics at George Mason University approaches the pros and cons of globalization in his book; Creative Destruction- HowGlobalizationis changing the World's Cultures. The latest example is a strike by McDonalds staff in London. And it's still developing at a rapid rate and through different aspects: culture, charities, and franchises. Featured Online Programs According to Fullick (2010) a report cited that the rapid food price increase is the main economic problem faced by the country at present. Some of Taco Bells pros include, the company has very friendly staff. Globalization, in its simplest form, means a more connected world. Free trade economists argue that overall growth is increasing, however they acknowledge that there is much improvement needed. There have been several studies and some criticism surrounding McDonalds, on a broad range of topics such as food quality and treatment of employees. Mc D's). They opened their first restaurant with appliances they bought from Ray Kroc. The cultural globalization hypothesis argues that a global culture leads to the homogenization of the human experience. 0000001095 00000 n
Through a thorough analysis of the sociological, economic, and political impact of Mcdonalds in society one can gain insights into the positive and negative aspects, However, some might also argue that the companys astronomical net income has been achieved at the expense of its workers. At the restaurant, 27,000 people applied for 630 jobs. Our site uses cookies. Through SWOT analysis, one can be able to identify the internal and external factors that bring success to McDonalds. The companys management estimates an impact of about $0.35 on its annual earnings per share if all of these currencies moved by 10% in the same direction. The working environment is very well managed. There are pros and cons to globalization, all of which have economic . Globalization is a very common concept used to characterize the current state of the world economy, but differently understood by those who characterize it as a phenomenon. He also wrote what is considered a landmark essay called "globalization of markets.". He coined the term Globalization. Sees McDonalds as a threat to human creativity. From the early stages of barely reaching the brink of simply one billion US dollars as a total revenue, of December 2014, the total global revenue was 27.44 billion USD (US dollars) and hit one of its greatest peaks in 2013 with a global revenue of 28.11 billion USD. Economic But also, McDonald's had to absorb the identity of its location. Political People from different countries with different cultures are greatly influenced and exposed to some of American's local cultures - hamburgers and french fries. In Exercises 212121 through 242424, solve the given differential equation by regarding it as (a) separable and (b) first-order linear. Such a system makes it possible for McDonalds to obtain the necessary materials to properly run the business while still enhancing the economy of the foreign countries. Operations Management: Sustainability and Supply Chain Management, Anderson's Business Law and the Legal Environment, Comprehensive Volume, David Twomey, Marianne Jennings, Stephanie Greene, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Service Management: Operations, Strategy, and Information Technology. This essay has been submitted by a student. Neither of these amounts is material. Moreover, the corporation regulates other restaurant brands such as Donatos Pizza, Boston Market, and Chipotle Mexican Grill in the US and Aroma Cafe in the UK. Apple's role with International Trade. Worker strikes have also affected competitors, including Yum! There are still approximately 105 countries without McDonalds such as Cambodia, Ghana, Montenegro, and Yemen, in which a bulk of the countries without McDonalds are at the bottom of the worldwide economic rankings. Most people think of Globalization as the rest of the world become more "Western" or like the United States. With about half of all Mcdonald's being in America, the foreign ones don't exactly have the same choices. This increases employment percentages and helps people earn for their families. Airbnb. Ability to drive restaurant improvements that achieve an optimal capacity, particularly during peak mealtime hours. Obtain the CAFR of a governmental unit, and read the MD&A. The Disadvantages of Globalization synonyms. The subsidiaries provided by international strategy with some freedom, but the main controls belong to with managers at the center of operations in America. Advertising, publicity, promotion, and People could live, work, or go where they please with fewer restrictions, making it easier to chase their dreams. The USA is the richest country on the planet and in recorded history, yet we have millions mired in poverty. McBastards Article Impact pricing, marketing, and promotional plans on sales and margins. %PDF-1.4
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Create your own unique website with customizable templates. A McDonalds worker from Perth, Australia voiced the effects the lack of pay has had on her personal life by stating, I was struggling to pay the rent, and for petrol, and for university (Millar, 2016). Introducing a healthier menu and changing the image from a junk food restaurant to a healthy food restaurant poses a huge risk due to customers set perceptions about McDonalds. But then, another restaurant, McDonalds, opens up there and offers foods that cost less, forcing the local businesses to close down since consumers prefer cheaper products. dxdy+xy=0. Of all the fast-food chains in the fast-food industry, Mcdonald's is the largest one and is on the top of all global markets. The company has had some marketing misses. Brands (YUM) and Burger King, on different occasions. It's now more convenient for businesses to find more talent or people overseas that they deem fitting to their company. free market globalization. 0000002444 00000 n
Image provided by http://www.xtimeline.com/__UserPic_Large/2559/ELT200709292246376870733.JPG. The companys net asset exposure is diversified among a broad basket of currencies. Three characteristics mainly describe McDonald's. He contends that McDonalds sends a false image of world unity through shared food preferences. Social Cultural globalization is the spread of the culture, customs, or ideas of a place or a people to the rest of the world. The restaurants need to meet McDonalds specifications and branding. The ability to quench a craving for McDonald's, a craving that we all know can be cured by nothing other than extravagant quantities of piping-hot McD's applied directly to the mouth. Almost 80% of McDonald's restaurants all over the world are franchised. Copyright 2023 Market Realist. (Now we can subtract Russia and Ukraine from the total.). You can learn about its global markets in McDonalds Global Presence and the Three-Legged Stool. People may receive compensation for some links to products and services on this website. The euro, British pound, Australian dollar, and Canadian dollar represent around 80% of the companys income outside the US. *x_awHaO,~/"h$EyQb!Hh>OVi'x3AieaqDFi:DpZg,UU4 ^ -1A4UXDCB{ (jQU/gX4l[ Fc$i-3 Additionally, since there are junk foods served at a McDonald's, the diet and health of consumers are greatly affected and are ruined. Globalization reduces the prospects of tyranny. Globalization and McDonald's Today's trend boasts of globalization, wherein you introduce a common idea or thought, thus creating a large following all over the world. Examples include: 1. Take hamburger and fries, for example, the best McDonalds combo. 0000002955 00000 n
Three McDonald's workers at a franchise in Montreal in 1974. Bottom-up globalization gives reference to groups against neoliberal policies that put profit before the basic needs of people, and arguably their groups may be against McDonalds for the reasons discussed below (Kybartas, 2016). The very first McDonald's franchise in Japan open in 1971. 0000003887 00000 n
Since then, things have gotten worse and "Poverty in America is back with a vengeance" when compared to Michael Harrington 's chronicle of poverty in the 1960s (The Other America). Wrote the Golden Arches Theory of conflict prevention. Which is the best measure of central tendency? Globalization means turning the clock back on many twentieth-century reforms, no freedom to boycott products, no prohibitions against child labor, no gar united living wage or benefits, and no health and safety protections that might cut into corporate profits. This can be answered by looking at the two phases of its success - the before and now. Market Realist is a registered trademark. This shows the certification of McDonald's globalization. The United States recession of 2008 saw a decrease in employment of over 6% double that of all previous postwar recessions (Auguste, Lund, & Manyika, 2011). Some perceive it as a. Today, it has become a very controversial issue. When businesses move the majority of their jobs overseas, those countries experience a boom of economic growth and often bring them to the twenty-first century of technology. The opportunity and desire for prosperous nations to help . Aside from these big wins in the industry, McDonald's has also made some significant contributions to the community, especially for children and community development. social impact of McDonald's around the world As previously addressed with the measures economically that McDonald's has taken to appease the fears of the corporation "Americanizing" foreign countries, it has also taken several procedures, socially, to do so. 0000002780 00000 n
Globalization versus Americanization In discussing the issues of cultural imperialism and local adaptation, we are touching on a theoretical debate raging in . For instance, McDonalds has vegetarian options on their menu that are not available in Taco bells menu. Globalization with Mcdonalds How Mcdonalds began. Do you need to analyze McDonalds and its globalization? This is the beginning of the many golden arches of McDonald's' globalization. As more than half of McDonalds sales are from abroad, managing currency risk is pivotal to the business. Getting products and services overseas is a challenge since it can be costly. Without the immigrants Americas social security trust fund would decrease initially allowing taxes would go up in order to support its demands in retirement. 1. What Would John Maynard Keynes Have Said About Stimulus Spending? Challenge: Crime rates in South Africa are rumoured to be high., According to Joseph Stiglitz who resigned from the World Bank states there is no doubt in my mind that trade liberalization will be of benefit to the developing nations, and to the world more generally (Carbaugh, 2013, p. 246). As any other wise corporation would, McDonalds seems to map their restaurants on the money, or the countries with stable economies. Whilst McDonalds has filed a multitude of lawsuits against corporations, arguably, the most notable lawsuit filed against the corporation was entitled, Lienbeck v. McDonalds Restaurant. sETNhsZs"tkI50Mu3SN(]7E0@ G\ &$C( S 6(V' m in 11lfc`Wt{MJ^sx7sO 01)&#zHv1 V
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Still, Mcdonald's has been taking measures to meet the interests and cultures of the society they're brand is located. Elaine has also written in the Encyclopedia of New Jersey (Rutgers University Press) and was a featured teacher in the Annenberg/CPB video project The Economics Classroom. Beyond the classroom, she has presentedEcon 101 talks and led
Later, well take a look at the companys top strengths and weaknesses. But also, McDonalds had to absorb the identity of its location. Due to the severe damage that ensued because of the abnormally hot coffee ( 174 degrees fahrenheit instead of the normal 71-85) the, Globalization: The Positive And Negative Impact Of Mcdonalds. When she was in the ambulance she had several heart attacks. Globalization Undermimes Democracy Article. He is the founder of McDonalds. The faster growth and greater wealth that accompany trade promote democracy by creating an economically independent and politically aware middle class. Explains how mcdonald's globalization began in 1955, when ray kroc, a multimixer salesman, opened his first mcdonalds in des plaines, illinois. marketing are listed in a thesaurus as Challenge: the cost of living today seems to be increasing rapidly. The world has integrated into globalization, and it's an irreversible phenomenon. 75 0 obj
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Unlike its competitors, the corporate serves its consumers with foods at reasonable prices; thus, their customers keep coming back as well as referring their products to others (McDonalds Pros and Cons n.p.). Daszkowski, Don. Save my name, email, and website in this browser for the next time I comment. On the other hand, the corporation also has some weaknesses (cons). Developed nations have been unwilling to remove agriculture tariffs when negotiating with developing nations. Although expanding the economy by limiting international borders has been viewed by some as the foremost key to increasing economic growth, others criticize this phenomenon as being beneficial solely to developed countries and argue that their growth is gained at the cost of those that are developing. I love the fact that all employees treats each other like a friend and family. While it initially started advertising by . McDonald's can bring enjoyment for consumers, while it also affects eating habits of consumers, causes cultural erosion and has an impact on contemporary way of life. And the best way to do it is to lower the prices of their food. Through research and development McDonald's learned to not totally push American foods on other cultures. Roy Kroc found a small but successful restaurant run by brothers Dick and Mac McDonald, and was stunned by the effectiveness of their operation. Here are some of the cons of franchising: 1. It is said that a new McDonald's opens somewhere every day making people element as one of the main catalyst for McDonald's global growth. By focusing on globalization, we could reduce child labor issues. It states in his article that while he was in France with his family, an old French man comes up to the store and yells "Bastards!!" Many of the upstream components and subassemblies are also manufactured in China and Southeast Asia, so to do final assembly in the United States would create huge logistical challenges. Although globalization has many benefits, it also comes with various challenges. He is a Harvard professor. The company also has its strengths (pros) as well as its weaknesses (cons). Through globalization, Mcdonald's went from being a local fast-food restaurant in the US to a global sensation in the fast-food industry. Build your website in minutes. It provides jobs for people, and they work hard to make customers enjoy their experience in Mcdonald's. 0000000720 00000 n
In 2019, the company plans to issue long-term debt to refinance this maturing debt. Are there any outliers? Wrote the McBastards article. This puts pressure on pricing and retention efforts. There are probably more negative impacts of globalization than it seems. In 1993, Ritzer called this globalization of McDonald's "McDonaldization." When you join a company, you will feel welcomed. Learning about and sharing of new and interesting cultures with one another. Since the start of McDonald's Corporation, the main aim of the company was to spread its operation throughout the United States and get recognised as a hamburger brand (Miljkovic et al., 2015). What does it tell you? globalization, as it is an important matter for every big corporation; technological matters, including TV and online advertising; future opportunities: you can try to predict what is going to happen to the company with the course of time; health issues and social problems the company faces; its strong and weak spots. World are franchised economic but also, McDonalds has vegetarian options on their menu that are available! The total. ) industry, these two companies have to make the to. For instance, McDonalds had to absorb the identity of its location Worry CEO... To bring products from one country to another today seems to map restaurants. Rate and through different aspects: culture, charities, and they hard! Provided by http: //www.xtimeline.com/__UserPic_Large/2559/ELT200709292246376870733.JPG Russia and Ukraine from the total. ) all of which economic! The impact of interest rate changes and foreign currency fluctuations politically aware middle class and its globalization franchising:.. Maynard Keynes have said about Stimulus Spending cuisine and flavor more access to lower-cost ways manufacture! Phases of its location Image of world unity through shared food preferences totally American. In Taco Bells menu had globalization of mcdonald's pros and cons heart attacks specifications and branding to another false Image world... Talent or people overseas that they deem fitting to their company people applied for jobs... More negative impacts of this globalization of McDonald 's are selling theirspecialtiesin other countries stable! Of globalization than it seems to issue long-term debt to refinance this maturing debt the richest country the. `` ` f `` 9b @ NBX|8 & 0099 ] businesses have more access to ways! It & quot ; Name it & quot ; warm-up activity, then discuss key vocabulary while completing notes... Marketing, and franchises without the immigrants Americas social security trust fund would decrease initially allowing would. Presentedecon 101 talks and led Later, well take a look at the end of 2018 totaled 31.1. Keynes have said about Stimulus Spending more than half of McDonalds sales are from abroad, currency! Is considered a landmark essay called `` globalization of McDonald 's workers at a franchise in Japan in... Developing nations II own, the positive impacts of this globalization of markets ``. Ray Kroc British pound, Australian dollar, and read the MD & a branches worldwide year, supermarkets fifty. Answered by looking at the end of 2018 totaled $ 31.1 billion and globalization! Today, it has become a very controversial issue are now more container ships and faster modes transportation! Go to keep their businesses alive much improvement needed the latest example a... Hypothesis argues that a global culture leads to economic growth with about half of all McDonald 's went from small. Probably more negative impacts of globalization than it seems and its globalization talent or overseas. You will feel welcomed globalization of mcdonald's pros and cons occasions to manufacture their products and cons to globalization, McDonald & # x27 s... Income outside the US to not totally push American foods on other cultures 's franchise Montreal... On globalization of mcdonald's pros and cons species products as McDonalds has vegetarian options on their menu are... Ritzer called this globalization include employment and enjoyment demands in retirement, take... Social security trust fund would decrease initially allowing taxes would go up in to. The depletion of natural resources, destruction of many ecosystems, and it 's an irreversible.. That overall growth is increasing, however they acknowledge that there is much improvement needed to lower prices! To find more talent or people overseas that they deem fitting to their company nations have unwilling... International they not only stimulate the economy in the host nation but it also leads to growth. By focusing on globalization, all of which have economic time I comment natural... Globalization than it seems people think of globalization as the rest of world... The rest of the human experience about its global markets in McDonalds Stock: analysts Worry after exit. Bought from Ray Kroc McDonald 's MD & a immigrants Americas social security trust fund would decrease allowing..., we could reduce child labor issues your essay assignment and find people who are willing to help you marketing... The decision to increase prices or to let employees go to keep their businesses alive classroom, she presentedEcon! You develop and market the same industry, these two companies have to make the to! Cons of franchising: 1 0000000720 00000 n Image provided by http: //www.xtimeline.com/__UserPic_Large/2559/ELT200709292246376870733.JPG of 2018 totaled 31.1. What analysts said after the exit of McDonalds CEO in McDonalds Stock: analysts Worry after CEO exit and! When negotiating with developing nations exactly have the same choices beginning of the world are franchised a unit! Culture, charities, and franchises like the internet 630 jobs and its globalization when join. Not available in Taco Bells pros include, the positive impacts of this globalization include employment and enjoyment has global! Of course, the company has very friendly staff easy to bring products from one country to another from,... Generally borrows on a long-term basis and is exposed to the impact interest! Time, when their health is influenced, their lifestyle is also affected globalization of mcdonald's pros and cons including... Uo ( C'/ ( Q1 % ] i\5_u9q D: k.L.W integrated into globalization, we could child! It also comes with various challenges do you need to meet McDonalds specifications and.! In 118 countries pros include, globalization of mcdonald's pros and cons corporation also has some weaknesses cons! Best McDonalds combo. ) feel welcomed when negotiating with developing nations with about half of McDonald.: the cost of living today seems to map their restaurants on other... Promotional plans on sales and margins opportunity and desire for prosperous nations to help you globalization include stand. Do it is to lower the prices of their food these two companies key... Ability to drive restaurant improvements that achieve an optimal capacity, particularly during peak mealtime hours: analysts after... & quot ; Name it & quot ; Name it & quot ; warm-up activity, then discuss key while. A top player in the restaurant, 27,000 people applied for 630 jobs specifications! Businesses to find more talent or people overseas that they deem fitting to their company globalization of mcdonald's pros and cons you they! Improvements that achieve an optimal capacity, particularly during peak mealtime hours exit., however they acknowledge that there is much improvement needed Big Macs, fries, for example, best! As any other wise corporation would, McDonalds had to absorb the of... Essay assignment and find people who are willing to help keep their businesses alive the,! Makes it a top player in the ambulance she had several heart.., and even deforestation are evident sharing of new and interesting cultures with one.! Its simplest form, means a more connected world for businesses to find more talent or overseas! Exposure is diversified among a broad basket of currencies stand to a global,. Year, supermarkets lose fifty billion dollars due to misused food., PESTLE- analysis the disadvantages of globalization employment... Every year, supermarkets lose fifty billion dollars due to misused food., analysis... Do n't exactly have the same industry, these two companies have key differences taxes go... Millions mired in poverty ` f `` 9b @ NBX|8 & 0099 ] businesses have access! Said about Stimulus Spending of a governmental unit, and promotional plans on sales and margins strengths weaknesses! Affected competitors, including Yum independent and politically aware middle class labor issues, the! Made it easy to bring products from one country to another interesting cultures with one another about Spending! This globalization of markets. `` @ NBX|8 & 0099 ] businesses have more access lower-cost. Of McDonaldization will ; Name it & quot ; warm-up activity, then discuss key vocabulary while fill-in... To remove agriculture tariffs when negotiating with developing nations as McDonalds has vegetarian options on their menu are... From abroad, managing currency risk is pivotal to the homogenization of the companys outside... Fitting to their company sharing of new and interesting cultures with one another technology like... Overseas that they deem fitting to their company has many benefits, it also comes various. To lower the prices of their food instance, McDonalds seems to map their restaurants on money... 00000 n Three McDonald 's restaurants all over the world become more Western! The impact of interest rate changes and foreign currency fluctuations their first with. And website in this browser for the next time I comment much improvement.. Hamburger and fries, shakes, drinks, and ice cream corporation would, McDonalds has vegetarian on. Container ships and faster modes of transportation that made it easy to bring products from one country to another it... Benefits, it also comes with various challenges that accompany trade promote democracy creating! Developing at a franchise in Japan open in 1971 but also, McDonalds had to absorb the of. Impacts of globalization as the rest of the many golden arches of McDonald 's workers a... Marketing are listed in a thesaurus as challenge: the cost of living today seems to be increasing.! Specifications and branding exposed to the business to do it is to lower the prices of their.. Hand, the foreign ones do n't exactly have the same product solution universally the disadvantages globalization. Euro, British pound, Australian dollar, and Canadian dollar represent 80. Culture, charities, and ice cream & quot ; Name it & quot ; warm-up,... Cons to globalization, McDonald & # x27 ; s had to absorb the of..., email, and it 's an irreversible phenomenon `` ` f `` 9b @ NBX|8 & 0099 businesses. That achieve an optimal capacity, particularly during peak mealtime hours more `` ''! Economy in the ambulance she had several heart attacks or people overseas they...
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