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Discuss The Pros And Cons Of Globalization

1478 Words6 Pages

A market is an institutional structure that permits people and organizations to exchange goods, services and labour. In many years ago, everyone was living in their country and hard to share their resources, idea, product and service to other country’s. They had to pay huge consideration such as time and money in order to reach others resources to satisfy their needs. Nowadays, technology invention and political stability was facilitated resources can be shared easily. Everything is becoming closer and less distance. Globalisation is a happened around us. It can be religious, trading, product and services became easily transmit, access, utilities. A global market is unlimited to specific geographic locations, but also involves the exchange …show more content…

In addition, we will use a region, China, as a case to support how globalization is …show more content…

In economic globalization, worldwide market is huge for companies and for customers they have a better variety for products and services from different countries. Although different countries have their specific resources to produce special products, customers now can access these products because of high accessibility. In the view of investments, global marketplace is existed and opened, there is an increase of production sector since there are have plenty of options for investments for different corporations. For example in fast fashion industry like ZARA, its production line are stated in Vietnam and enjoyed lower labour cost. But its products are sold worldwide. As globalization present, problem of limited resource can be improved as the influx of information among countries increased, particularly those nations who do have anything in common between them. Therefore, in case of one country is lack of craftsmanship, it can find it from other

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