Globalization

1. What are two major advantages of globalization? (2 points) The two major advantages of globalization are maximizing technological advantages and accessing the global market. First, companies that depend on technology can use it to enhance their products. An example is Netflix which is able to improve its product portfolio due to technology. Second, companies are no longer limited to domestic markets as they can access the global market. For instance, Netflix is one of the fastest-moving and…

Globalization: The pros and cons Being a part of generation that is growing with the trend of the globalization, I felt obligated to recognize the pros and cons of the globalization. We live in the world that we could travel around the globe anytime we wish and shop for any products that we want by a click. We, in the 21st century, are spoiled by all the technological innovations, global trades and international opportunities. Although globalization brought us uncountable benefits and welfare,…

Globalisation is a highly contested term, where different perspectives have emphasis placed on different areas. With that being said, there is a broad level of agreement on the nature of globalisation. Globalisation is ‘a process which embodies a transformation in the spatial organization of social relations and transactions, generating transcontinental or interregional flows and network of activity, interaction and the exercise of power.’ (Held et al., 1999) At a simple level, globalisation…

Globalisation of business has become one of the main focuses of many companies and institutions nowadays. For many companies globalisation of their business is one of the criteria of determining how successful they are. Usually the main purpose of globalisation tends to be the making of higher revenue, however other companies also consider fame, respect and the reputation of their company when globalising . Many companies aside from establishing their branches, go to the extent of buying off…

Eduardo Paes, the former mayor of the city of Rio de Janeiro, Brazil states “Globalization has produced a new level of interdependence among us. The economy and multinational supply chains do not abide by political boundaries. A computer ordered in Brazil is designed in California and assembled in several other countries. Economic integration was the first strong evidence of a new era.” Modern globalization has produced an age that countries depend on each other to benefit one another. Some…

government is a great advocate of globalization and its country is greatly exposed to globalization. The United States has influenced politically, socially, and economically throughout the world. Globalization has helped American products reach to almost every corner of the world. Also, numerous farm products have reached the US markets from developing countries. However, there are positive and negative impacts of the globalization. The positive impacts of globalization: • Big corporations…

technologies, and the use of Internet have made huge economic and political transformations. People, banks and industries use the cyberspace to trade their capitals among national and regional economies. Moreover, economic integration and economic globalization have shrunk economic connections across the globe. Goods and Services can be easily trade among nations because there are several facilities of transportation, control, and payment. The increase flows of capital mediated by digital…

other societies and their resources, globalization had emerged. This development has progressed through all continents; many aspects of such societies and their institutions have changed greatly because of globalizing effects. Unfortunately every positive impact can be followed by a negative. In many ways globalization has negatively impacted the culture of multiple societies all the while progressing different economies. With the…

As an international company, Honeywell encounters some benefits and challenges of globalization. Two key benefits and two challenges will be concerned. As for benefits, Honeywell can enjoy the scale economies. By producing a large manufacturing volume, it can minimize the average cost of each unit of production. Since Honeywell is a conglomerate company that produces a variety of commercial and consumer products, engineering services, and aerospace systems for a wide variety of customers, from…

Globalization – is the process by which human societies has widen geographic, economic and cultural borders. As the result of globalization countries, nations, societies, cultures, businesses, and people become more connectedness and interdependent. In pre-modern times, the volume of globalization was weak and goods and information flow between countries was enabling by caravans and colonizers. Over time globalization has been on the rise and most industrialized countries show a high degree of…