Positives And Negatives Of Globalization

1415 Words3 Pages
bulb-icon

Recommended: Effect of globalization in international business

Business involves organizations that participate in consumer, industrial, or economic activities for a purpose, such as profit or non-profit means. Government signifies a governing body of a nation, state, or local community. Government and business are interrelated in various aspects. Business owners, entrepreneurs, and innovative minds are the driving forces of the global economy. Government controls the shaping, stabilization, and growth of these businesses and the economy in general. A product of the interweaved correlation between government and business is globalization; a process of interaction and assimilation between people, companies, and governments of different countries driven by international trade and investment aided by information technology. Globalization allows for companies to move from being associated to one country to operating a …show more content…

As a result, there are a number of positives associated with globalization. It creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world (McCubbrey, 2015). Globalization has interconnected countries, languages, cultures, and people in a manner that was thought never to be possible. Global economic integration has aided tremendously in bringing together the worlds business professionals. Firms tapping into larger markets around the world leads to more access to capital flows, technology, human capital, cheaper imports and larger export markets (McCubbrey, 2015). It allows businesses in less industrialized countries to become part of international production networks and supply chains that are the main conduits of trade (McCubbrey, 2015). Woods (2015) explains that the impact of globalization can be understood further when separated into two categories, market globalization and product

Show More
Related

  • Economic Globazation-Source Analysis

    778 Words  | 2 Pages

    Our global world is being more connected as we become integrated politically, socially and even economically. Due to the Bretton woods agreement, different countries have been economically dependent on each other in fear for war to erupt. From then on different organizations and policies tied more countries into being economic globalized. This economic globalization had then given us many opportunities in trades and more access to natural resources in other countries. Unfortunately, there are some negative effects that are brought to less developed country. Overall, many people believe that economic globalization does a great work on accumulating our economy and our quality of life.

    Read More

  • Globalization In Canada Essay

    892 Words  | 2 Pages

    Increased global trade has intensified competition in amongst businesses all over the world. Finding and capitalizing on the most efficient sources of finance, trade and production is what gives a business or even a country a competitive edge over other international entities. Corporations have reacted by targeting the labor market and reducing money being spent on labor intensive activities. This led to a series of global events and trends ranging from downsizing of labor forces to outsourcing manufacturing activities to developing countries with lower wages and even automating processes through technological advancements to minimize use of labor. Global economic changes caused countries to shift away from the Industrial Age activities of manufacturing which was predominantly unionized.

    Read More

  • The Economic and Legal Factors for XYZ Coroporation

    1308 Words  | 3 Pages

    ... this level, participation in global business can help XYZ to achieve economies of scale that cannot be achieved in domestic markets (Breser-Pereira, 2009).

    Read More

  • Understanding and critically Evaluating Entry Modes of Businesses in International Market

    1942 Words  | 4 Pages

    Well known companies like Nike, Microsoft, Sony, Shell Group are just some of the big companies that went global and expanded their trading around the world, they are large businesses that operate internationally in many countries. Development of worldwide integration urges companies to reach out international markets and interact with foreign customers. Businesses focus on fulfilling the demand of the market by its products or services, besides their target is increasing profit, in order achieve these goals they favor to expand their work in a foreign market. Other reasons to internationalize their business may be to become stronger than the other competitors and in addition, to lower their expenses by getting resources they need at lower cost. Recently most of business’s activities are affected by changes that occur globally; this is a result of their operating activities with foreign markets, most of companies’ export goods, move resources with other country and also many companies get suppliers from foreign countries. Likewise these trading activities of businesses outside the country contribute to the growth of the economy.

    Read More

  • The Benefits Of The International Product Life Cycle Theory

    804 Words  | 2 Pages

    All sizes and types of companies can take advantage of the globalization of markets with the following potential benefits such as 1) reduced marketing cost by distributing and promoting the standard products or services globally with standardized approach (e.g. Coca-Cola and McDonald’s companies, 2) bigger market opportunities to increase revenues with access to broader coverage in the global marketplace, 3) enable more stable income with diversify markets globally for better granularity to compensate the impact of certain seasonal goods or services from only one domestic market, 4) lower risk from inconsistent or unexpected short product life cycle

    Read More

  • Studying International Business

    1012 Words  | 3 Pages

    These smaller companies may also expand once they are recognized as a company that is able to maintain a good service or product across the country or across the world. Rather than shipping their product, they may choose to employ people from a country that buys heir goods or services, thereby increasing availability and allowing those from the host country to be a part of the company. Certain countries, such as India, may provide services at a much lower cost than in the United States, thereby creating a greater profit for the company conducting the business.

    Read More

  • Globalization And The Environment Case Study

    772 Words  | 2 Pages

    Globalization creates a platform for competition for all of the countries in the world. Every country has tries to take a place ahead compare to other countries .To compete with other countries in this global village most of the countries focus on their business, specially industrialization.

    Read More

  • The Pros and Cons of Globalization

    458 Words  | 1 Pages

    It is widely accepted that there are a lot of benefits globalization brought to our life. Firstly, advanced transportation system makes different places of the world closer. Considerable amount of exciting tourists can visit remote villages in the corner of the earth. Secondly, new telecommunication, such as internet and TV, makes people’s common life colorful. Fans in China who are interested in Manchester United can also share their joy with their counterparts in United Kingdom, when the team won a game. Moreover, we can buy the popular products of high quality made in other countries, such as automobiles of Volkswagen and furniture of IKEA. Finally, globalization can lead to cooperation in trade between different countries. Even though globalization can bring so many conveniences to us, we still worry about its severe negative aspects.

    Read More

  • Analysis Of The Article: Globalization Progress Or Profiteering?

    825 Words  | 2 Pages

    In the simplest of terms, globalization is the means that allow businesses and trades to cross

    Read More

  • Globalization Of Culture Essay

    757 Words  | 2 Pages

    With the globalization of a product, a company might benefit in many ways. First, by sifting its production or services overseas, the company can reduce its overall production costs due to availability of low-cost labor. Second, working collectively with other companies overseas allows companies to access technical knowledge or resources that are either unavailable or are too expensive at home.

    Read More

  • Creating a Better Future Through Globalization

    1544 Words  | 4 Pages

    In today’s world, national economies are more open to one another than ever before. With international trade, much of what people consume is imported, and much of what nations produce is exported at an extraordinary level. All of this is due to the integration of the world, which is spreading the integration of market, technologies, and nations. People around the world are more connected to each other than ever before. Information and money are flowing quicker. Products produced in one part of a country are offered to the rest of the world. It is much easier for people to travel, communicate and do business internationally.

    Read More

  • Market Globalization Essay

    873 Words  | 2 Pages

    Such business indirectly empower domestic and world economies to achieve a larger variations of services, products, investment, knowledge and human resources. Many may know that international trade was and is still significantly affected by the growing Multinational Corporations (MNCs). Simultenously, MNCs play a great impact on the trade flows and policy and thus resulting a trend where these companies increasing their reliance on Foreign Direct Investment (FDI) as an option to export and sell their goods and services in other

    Read More

  • Globalization Essay

    2027 Words  | 5 Pages

    I have mixed opinions about globalization as a whole. I think for the economies of most countries it can be beneficial as it will help develop non-developed countries. Globalization has the potential to make the world a better place to live and solve some very long standing problems like unemployment and poverty, which will have a positive impact in the future. Other than having one world government, which I think would have a negative impact in the future, I think globalization will have a positive impact in the future, if it will increase wealth, decrease poverty and allows cultures to blend without each country losing their own cultures.

    Read More

  • The Disadvantages of Globalization

    1583 Words  | 4 Pages

    Globalization is a term that is difficult to define, as it covers many broad topics in the global arena. However, it can typically be attributed to the advancement of economic, social, and cultural interactions among the companies, citizens, organizations, and governments of nations; globalization also focuses on the interactions and integration of countries (The Levin Institute 2012). Many in the Western world promote globalization as a positive concept that allows growth and participation in a global community. Conversely, the negative aspects rarely receive the same level of attention. Globalization appears to be advantageous for the privileged few, but the benefits are unevenly distributed. For example, the three richest people in the world possess assets that exceed the Gross National Product of all of the least developed countries and their 600 million citizens combined (Shawki and D’Amato 2000). Although globalization can provide positive results to some, it can also be a high price to pay for others. Furthermore, for all of those who profit or advance from the actions related to globalization, there are countless others who endure severe adverse effects.

    Read More

  • Argumentative Essay On Globalization

    891 Words  | 2 Pages

    Globalization’s history is extremely diversified and began during the beginning of civilization. Now we live in a world that is constantly evolving, demanding people to use resources in locations that are very difficult to obtain certain resources. This could make it completely impossible to operate in these specific parts of the world. However, globalization allows people across the world to acquire much needed resources. Globalization creates the opportunity for businesses to take advantage and exploit the ability to take part of their business to a different country. Nevertheless, globalization is part of today’s society and will be involved in virtually all situations.

    Read More

More about Positives And Negatives Of Globalization

Open Document