The occurrence of free trade import and export can be done without the barriers to pay the duties from the businessmen. The growing of the economy will increases the demand of the goods and services. As the result, when the demand increases, the opportunity for businesses will increases and with the boost up of these matter, it will create more job opportunities to the people in the white collar and blue collar sectors. Besides that free trade encourages strengthen the development of a country’s institutions, in order to protect the country’s eco... ... middle of paper ... ...ate by others. The country should create more competition to bring more opponents into certain industry such as in technology industry, agriculture industry and automotive industry.
Globalization is great for the American economy; we can supply the world with our goods and services, which in turn can possible, relieve the deficit we’re in. “Homegrown industries see trade barriers fall and have access to a much wider international market. The growth this generates allows companies to develop new technologies and produce new products and services.” (Buzzle) Also, globalization leads to better relations between countries when they create trade agreements. Globalization does not drain every under-developed company but brings a new era of economic change and the hope of being a world super power to certain nations. “Economic globalization gives governments of developing nation’s access to foreign lending.
This is when one country’s economy can abundantly depend on another’s economy. Globalization helped with the world’s security. It has help stopped many of the conflicts that so many countries are facing. If each country did not depend on each other it could cause more conflicts and affect the financial health as well. Not to mention the more wealth equality throughout the world can benefit globalization.
First of all, it is a chance for a company to expand its current market. Because of the huge population around the world, advertising products and services overseas can create and attract a larger size of consumers as well as increasing profits (Bradley, n.d.). Another benefit brought by international marketing is that firms can minimize operating costs (Bradley, n.d.). For example, cheaper costs such as labor cost and advertising cost, or even tax in some host countries are bargains for companies aiming to target the international market. As a result, costs are minimized while profits are maximized as much as possible.
Insourcing business activities create a desire for In-house expertise, creating jobs. Companies also receive benefits such as faster market product cycles, revenue generation, greater innovation and protection of intellectual property (Savitz, 2013). Insourcing is the better practice because it allows companies to avoid marketplace pressures. An example of a marketplace pressure is wage inflation. Wage inflation in outsourcing markets puts pressure on providers to find alternative ways to control
The World Trade Organization actively gets involved in any mismanagement of these matters. Many problems could be solved if country leaders and representatives get more involved to punish those corporations who are abusing the system by not providing decent working conditions and pay. There are so many more advantages and disadvantages to globalization. Globalization while not perfect does offer positive benefits such as improving global economy by providing employment opportunities for under-developed and poor countries. It also provides opportunities for producers by making a profit and the consumer being able to purchase a wide variety of products.
Supporters of globalization have argued that it has the potential to make this world a better place to live in and solve some of the deep-seated problems like unemployment and poverty. They argue that it reduces barriers such as tariffs, value added taxes, subsidies, and other barriers between nations, thereby promoting global economic growth, creation of jobs, competitiveness amongst companies and lowers prices for consumers. Globalization, they further argued, also provides poor countries, through infusions of foreign capital and technology, with the chance to develop economically and by spreading prosperity, creates the conditions in which democracy and respect for human rights may flourish. According to supporters, globalization
I. Introduction In today’s environment more and more B2B companies are became international, because they want to be compete in an increasingly global marketplace. So that will increase their profitability in ways not available to simply domestic enterprises. With addition region of operations, comes the challenge of managing business operations in multiple countries and that coordinating company’s marketing activities in more than one nation. However, for many marketers selling products and services in their own country is easy when compared to the efforts needed to gain sales in other countries.
Trade creation occurs when low cost producers within free trade area replace high cost domestic producers. These agreements create more opportunities for countries to trade with one another by removing the trade barriers and investment. Trade creation allows member countries for a wider selection of goods and services not previously available. They can acquire goods and services at a lower cost after trade barriers due to lowered tariffs or removal of tariffs which will encourage more trade between member countries the balance of money spend from cheaper goods and services, can be used to buy more products and services. Regional economic integration significantly contributes to the relatively high growth rates in the nation.
This thus emphasises that having English as a global language helps countries economic growth and makes it difficult for other countries to compete with it due to their Military, Political and Economic power (Nunan, 2001). Having one... ... middle of paper ... ...ke it part of their life even though languages die out as a result. In conclusion, globalization has impacted the activities of many countries; this include to exchange, trade and economic activities between nations. In order for these activities to occur, countries need to understand each other. This shows the positive aspect of having English as a global language as there are more employment opportunities, connections and interactions between people and is easily learnt from technology and media.