Nowadays,
globalisation is the most known word among individuals and people surely would
like to know what actually it is.
Globalisation is the trend towards free
international trade and free movement of capital between nations. This is
resulting in the growth of multinational corporations that seek the widest
markets for their uniform products and the cheapest locations for production.
It has assisted the companies to invest more in growing markets and it is
supported by governments by reducing the barriers towards international marketing.
Consumers
like to have access to wide choice of products so they even think of buying
from outside businesses. This is one of the reasons which firms consider to
trade internationally.
Globalisation
also offers additional opportunities, international location, for firms. So,
they can get long term benefits by using globalisation in the advantage of
business.
But,
there are also some negative views directed towards globalisation. It is always
exact that businesses usually consider their own interests and objectives
therefore they may not invest the profits earned back into that country. They
also pollute the environment that operate in. So, any objections by government
may drive them away from the country leading to currency fluctuations.
Therefore,
to fully analyse whether globalisation sounds great, it is preferable to find
out the benefits and demerits resulting from it.
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