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Essay On Advantages Of Globalization

753 Words4 Pages

Globalization is the process of intercontinental incorporation which arise from transaction of world views, products, ideas and aspect of culture advancing in transport and the exchange of information between two entities infrastructure include the rise of telegraph and its richness the internet which are the major factor of globalization generating a degree to which members of the group mutually depend on economic and cultural activities.
Globalization have a natural advantage to the environment in that they can gain markets around the world which allows each country to entirely leverage its extraordinary expected benefit. This natural advantage allows a country in a specific geographical position to produce a particular product at lower price which is quality than others. Without international selling and buying of goods and services this natural advantage would not add much to the economy, for example, it wouldn’t matter much to Nigeria that the country sits on vast oil resources if it did not have the ability to sell and ship the oil around the world. It is the access to global trade that would allow nations to build up affluence from all around the world.
It also help the country to obtain and farmout resources this is brought about when the opening up of global markets and …show more content…

For example Texas and Africa can ride the wave of globalization, selling locally made produce around the world through online using to raise their standards of living. Globalization of business promotes the trade opportunities for importing and exporting products and services the main driver of globalization is English language because it is used world wide. Using English a business man from Germany can clearly communicate with a partner in china who can easily communicate with a client in Africa and so

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