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Discuss The Advantages And Disadvantages Of Globalization

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Introduction

Have you ever thought how easy it is today to find things from all over the world and how fast can somebody communicate with others and travel whenever he wants? All of them these are easy, because globalization made it possible and opened the way for to many companies to take a step outside their own borders and local markets. This paper will explain the definition of Globalization and will try to point out the reasons behind its spread that globalization increases and the impact that globalization it has on the businesses and their operation strategies.
What is Globalization and what influences this global movement?
Globalization is a multidimensional and complex process that describes the development of an integrated economy. …show more content…

It is really important to think that globalization creates the circumstances for development and economical growth but also leads to a number of disadvantages. Below there will be listed clearly the most important pros and contras of globalization.
Advantages of Globalization:
One of the most important effects of globalization is the inward investment. Many TNCs decide to invest in less developed countries by building a new company or even a factory. ' ' 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. Choosing the right location for the business is the key one of the most important choices in order to

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