Benefit Of Globalization Essay

In todays’ society when one speaks of globalization it raises many questions. Is that all the countries in the world will be like each other? Does this means that economic, political, and ethnic systems everywhere in the world will be incorporated? Will it affect the way in which specific countries make business decisions or will they need to consult other countries in this regard? A lot of speculations will rise and different opinions but is it actually the reality of what globalization is. Based on dictionary.com globalization is defined as the extending to other or all parts of the world. Also, according to Trevor Munroe globalization is a process and this process is contrasting from a system because it is dynamic but a system is static.

The first and foremost is said to be the innovative transportation system which makes different locations of the world much closer. People and fans from all over the world can celebrate and share joyous moments based on their specialized sport and athletes when various events are taking place such as world cup or the Olympic Games. It also enables customers to purchase the popular products of great quality manufactured in other countries, such as motor vehicles of Bugatti. Globalization has also, positively impacted the world’s economy and can lead to collaboration in trade amongst diverse

Also, the businesses that can lessen their prices and improve their value now have much added chances and this is not only local markets but also in the international markets around the world. This is said to be one of the main reasons why, in the areas where the Caribbean has now established a degree of competitiveness there is the possibility of doing extremely well. Out of the nearly 60,000 transnational companies some are also Caribbean-owned namely the sandals super-clubs. This is possible because of the nature of Sandals services and the eminence of their products they are mounting beyond specific regions into South America. Entertainment is another area in which the Caribbean has great potential for international recognition and those entertainers in the region who recognizes these opportunities are capitalizing on them. In the area of manufacturing primarily in food and beverage companies such as Red Stripe™ and numerous brands of liquor have great market possibility in other markets not only the Caribbean. Global trade does open the market place to everyone and is the doorway to the world at