Advantage And Disadvantages Of Globalization

Introduction

Globalization has been more significant nowadays. Many of the large firms are truly global and even some small organization increasingly participate in cross border activities. Globalization has offer many opportunities and challenges to individual managers, businesses and governments. The expansion of global market has created a need for managers who are familiar to the problems of international trade and finance such as culture, technology, foreign exchange and political structure. The trend toward a single global economy is expanding markets and providing opportunities to managers.today, countries are going to work together as more of a global economy.

Globalization is a process of interaction and integration among the people, companies and governments of different nations. Globalization not only has effects on the economy, but also the political systems, environment, culture and law. Globalization can help to expand a company's market. Expanding the market where an organization does business and promotes its products opens up a larger customer base and possibly greater profit margins. Globalization requires the understanding of cross cultures, multinational corporations’ interactions, global perspective and

For examples, the shirt that we wear was made in Taiwan and the shoes was made in China are related to globalization. Globalization give a chance to countries move closer to each other. People, companies and organizations in different countries can stay and work together. However, globalization contains disadvantages too. Globalization will cause unemployment in some countries because firms would move their factories to places where they can get cheaper workers to reduce their cost. Globalization may lead environmental problems more serious. For example, a company may want to build their factories in other countries because the environmental laws are not as strict as they are at home