Globalization has brought cross-border flows of goods and capital and stronger nationalism and so on. From material form ,globalization refers to the cross-border flow of goods and capital ,through the development stage of translation ,local internationalization and globalization. we can not predict the globalization of national income and loss. It is difficult to have benefits or damages in globalization .Great power ,weak countries ,big countries and small countries can all benefit or suffer. The traditional China was defeated by globalization, but it also emerged from globalization.
' The integration of the workforce in developing countries into global system of production is already raising living standards, improving working conditions and creating more jobs in those countries. ' '(Samuel J. Palmisano,2006:133) Another advantage, from businesses perspective, is that companies have now access to larger markets and therefore to can sell their products to other countries. That means more chances to make profit and win a place in the global market. Furthermore, enterprises have the opportunity through globalization to search for sources with cheap raw material, which leads to cheaper labor. This is also called also outsourcing, and is the most common step for many companies.
Globalisation is leading to extensive changes in the global economy. Markets grow together and become larger. Every one can experience the results of globalisation, e.g. when travelling, buying goods which come from far away, and keeping in touch with business partners or families which are living far away with the help of new means of communication. Spread area of globalisation?
The major advantage of globalization in the context of economy and businesses are firstly cheaper production costs and secondly more consumers or a wider market. Let’s discuss cheaper production costs first, big and even small businesses go to popular destinations like China, India, Brazil, Mexico and eastern European countries. Increased profit is a direct result of lower production costs. This helps businesses gain competitive edge over their counterparts. Secondly, more consumers are available when a business sells its products or services worldwide; this again leads to higher profits.
Globalization is the process by which the world and its populations become ever more interconnected and unified. It is a very prominent and important development of our time whereby technology, economies and politics are becoming interconnected. This development is a very real and influential force in determining the future of our world. Its influence reaches as far as political, social, environmental, cultural, security and economic areas, this being one with various and opposing understandings and opinions. Many interpret globalization in the economic sense as an advancement in world economy while others take in to account the costs and dangers associated with its manifestation.
Because less developed countries can't benefit from the level of the fields that globalization provides, as they are not provided with secure growth due to free trading as they struggle to compete with the companies of developed countries leading to leaving less developed countries behind. "Also, multinational companies extract their goods without returning much and al so they have strong bargaining power against local governments ." (Globalization Pros and Cons List ) so they don't pay much
It affected and reached all life sectors such as economy, finance, tourism, culture, literature, and even agriculture. It has given some great services to the world. Globalization may have three main advantages, which are cultural exchange, increasing trade 's movement and scientific development. Globalization has contributed in canceling borders and achieving the cultural exchange between countries. The world was separated into countries and each one is isolated from the other.
News Analysis: The gap between poor and rich regions in Europe is widening In the beginning of the article itself we find out that the financial crisis and European debt crisis has caused the gap between poor and rich regions in Europe to expand. Globalization is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large outside the home market. Therefore, organizations start operating on an international scale. Advantages of globalization include access to new technology, markets and products. It also provides more employment, better standards of living, stable inflation and better welfare.
To begin with, according to Muhawar (2015), we can draw the conclusion that globalization has help economy growth for the most countries. The horizons of trade have opened. Now there are trade routes on all the lengths and widths of the earth, which are a means of transporting all sorts of products. For example, oil, precious stones, food, raw materials, etc. Previously this was not the case, and every people was forced to go with materials that were produced on its territory.