Globalization In Global Business

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Globalization refers to the widening set of interdependent relationships among people from different parts of a world that happens to be divided into nations. The term sometimes refers to the elimination of barriers to international movements of goods, services, capital, technology, and people that influence the integration of world economies (John D.Daniels, 2015). Although integrating a global economy is nothing new, but the modern implications in global business are stranger and bigger than ever before (Gemma, 2014). Thus, globalization can brings up some beneficial for the world in every aspects. However, globalization also brings up some negative effect on the business around the world. The purpose of doing this assignment is to discuss…show more content…
Globalization is the result of great changes in political, economic, technological and social areas. Trade and direct investment helps developing countries to confront the international competition by boosting their economy, increasing productivity and export capacity. Direct investment reflects positively to one-time balance sheet of the host country (Prof. Dr. Ahmet Incekara, 2012). Globalization is the tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe, allowing them to become interconnected with different markets. Proponents of globalization say it helps developing nations “catch up” to industrialized nations much faster, through increased employment and technological advances and Asian economies are often highlighted (Pologeorgis, 2010). In globalization cycle, multi-national companies and economic integrations have been effective in the world compete between countries and it’s also be the most important unit which contribute movements of foreign direct investment, portfolio investments and international trade (Prof. Dr. Ahmet Incekara, 2012). Therefore, more investors can access new investment opportunities and study new markets at a greater distance than before countries with positive relations between them are able to increasingly unify their economies through increased investment and trade. As a result of international trade, consumers around the world enjoy a broader selection of products than they would if it can only had access to domestically made products (Trade and Globalization). Also, in response to the ever-growing flow of goods, services and capital, a whole host of U.S. government agencies and international institutions has been established to help manage these rapidly-developing trends (Pologeorgis,
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