Globalization

Name: Shaquil A. Bagaloo Form: 6b Group 4 Subject: focusing of business concern globalisation refers to in which activities of large spell of business enterprises is carried out in many an(prenominal) divergent locations crosswise national boundaries. It is much more(prenominal) than just aftermathing or export from one artless to an new(prenominal). True globalization involves one debauched procuring form, manufacturing in, and change in many different countries. There has been an increase trend in the world towards globalization is characterized by trends such as: increase trade crosswise national boundaries. angiotensin converting enzyme go with 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 technical foul collaborations between companies from different countries. Lowering of trade barriers a nd 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. more competitive equipment casualty to the competitors. Ability of companies to achieve lower costs. entry to bigger markets to business firms.

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

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