The Importance Of Globalization In Italy
In recent years Italy has become the 7th largest economy in the world and it has close ties with the United States. They have a favorable security industry. Although, today they world is changing vastly and globalization is ever present throughout the world. With recessions, financial crisis, MNCs is targeting locations to expand their businesses, promoting growth and finding cost and labor efficient countries. Their goal is to enter emerging or underdeveloped labor markets that will benefit and help them to achieve prosperity from growth in international markets.
From research the 2015 Globalization Index provides information on all market indicators that provides demand of international business expansion. Therefore, with its usage, we can determine which international economies would be successful for businesses. In addition, the Globalization Index provides information on the speed of expansion as well as indicating the possibility of international expansion in new, developed and underdeveloped markets. Based on research the private security firms such as BMB Security Inc., can view there is a worldwide demand for private security services and is forecast to see a 6.9 percent per year to $267 billion in 2018 according to the …show more content…
The legal system, however, remains vulnerable to political interference. Property rights and contracts are secure, but court procedures are extremely slow. Protection of intellectual property is below EU norms. However, BMB Security Inc., will be able to apply in Italy with no capital required, process takes only five procedures, licensing requirements takes over three months, unfavorable business growth. Therefore, because of codes and policies in place, this could affect the overall view of competitiveness and employment