Positive and negative effects of globalization on economy
Answers
Answer:
Globalization has brought benefits in developed countries as well as negative effects. The positive effects include a number of factors which are education, trade, technology, competition, investments and capital flows, employment, culture and organization structure.
Business management is the act of getting people together to accomplish desired goals and objectives. Globalization in short, points to the whole effort towards making the world global community as a one village. Globalization on business management is interconnection of international markets and managing businesses in a global industry. This includes foreign investments whereby a company expands its business and invest in foreign countries.
Globalization makes business management easier and efficient for the company.
Based on my research, Globalization simplifies business management in the world. This is due to the advancement in technology, transport, communication, education, and regulations of trade that makes trade fair to all parties. This attracts more people to engage in international business and international trade. Managers within the global face a lot of challenges due to high competition in the industry, good decisions must be made in order to satisfy and maintain their customers and attract more customers for their products. Companies enjoy economies of scale in the business due to reduction of cost in the management.
This report explores a range of interlinking questions, starting with what is globalization, what are the effects of globalization in developing countries and developed countries, this is in terms of positive and negative effects. Globalization is something that affects all of us, no matter what our profession or interest is.
Globalization is a very wide and a very important focus of discussion. I spent time researching what it is and the effects it has in developed countries and developing countries. So in this report I will define what globalization is and the effects according based on my research. Globalization despite having benefits to the world, it also has a negative effects of it.
Answer: IMPACT OF GLOBALISATION
*positive impacts are* :
-variety of goods are available to consumers.
-new jobs are created in industries.
- local companies have expanded through supplying raw materials to the industries .
- top Indian companies have benefited with successful collaboration with foreign companies.
*negative impacts are* :
-small produces will face stiff competition form cheaper imports.
-workers no longer have job security .
-it may lead to great independence to undeveloped countries .
hope this answer helps you
all the wishes
best of luck for your exam ,
Thank you