Globalization

Name: Shaquil A. Bagaloo Form: 6b Group 4 Subject: commission of business concern globalization refers to in which activities of large come in of business enterprises is carried out in many an(prenominal) divergent locations crossways national boundaries. It is much more(prenominal) than just present momenting or export from one artless to an new(prenominal). True globalization involves one trusty procuring form, manufacturing in, and sell in many different countries. There has been an increase trend in the world towards globalization is characterized by trends such as: increase trade crossways national boundaries. maven high society having subsidiary companies and plants in many countries. One company procuring material postulate from multiple countries. One company selling its products in many different countries. Growth of joint ventures and expert collaborations between companies from different countries. Lowering of trade barriers and simplified import and export procedures. globalisation offers many advantages to the populate and businesses. These include: greater employment opportunities for people. approachability of greater variety of goods and services to the consumers. much competitive equipment casualty to the competitors. Ability of companies to achieve lower costs. introduction to bigger markets to business firms.

Faster and wider spread of new technologies across the world. globalization too has some disadvantages also: Unrestricted globalization can thwart the development of less developed countries. small firms whitethorn omit the resources to compete internationally and therefore may be obligate out of business. Countries become increasingly low-level on! former(a) countries for meeting their needs for goods and services. This can become a major disadvantage in situations like war. Adverse economic trail in one country can increase to other countries and may even adopt global proportion. Globalization may also lead to faster spread of infected disease, for people animals and plants. Such infection may be carried through,...If you exigency to live on a full essay, order it on our website: OrderEssay.net

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