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Recommended: Effects and benefits of globalization

Introduction
Globalization is a process that takes place as a result of technological and human innovation. The term “globalization” has achieved a huge amount of interest and notice in past years purely due to the fact that it changes the world around us in so many ways at such a high speed. Many view globalization as a negative, believing that it develops inequality between countries, threatens employment and even grinds social progress to a halt, others see globalization as a process that must be undertaken for the benefits of the economic development and as a force that can not be stopped. This essay will look at the benefits and threats that globalization has on the business environment and will look to the use of a relevant journal article to provide examples of these.

Opportunities
Globalization has meant many opportunities have arisen to companies and people alike throughout its development. One of these opportunities which is backed up by the journal article that has been chosen are the opportunities in the changes of the traditional worksite and work organization. In the last few years it has become clear that the link between production and staff employment are not to be lumped into one specific physical location. Due to the progress of globalization in regards to internationalization in production, companies who operate in many different companies can look to move their production sites to many different countries all over the world in order to best suit their company’s objectives and reduce costs to a minimum. This opportunity created from globalization has meant that costs are lowered heavily and jobs are created all over the world from companies who traditionally would have only had workers in one location.

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...erefore make the task of pricing very difficult in that country.

Works Cited

IMF Staff, April 12 2000 (Corrected January 2002), Globalization, Threat or Opportunity?, https://www.imf.org/external/np/exr/ib/2000/041200to.htm, [19 March 2014]

J. Mark Munoz, (2005) "Executive insights on globalization: Implications for hospitality managers in emerging locations", International Journal of Contemporary Hospitality Management, Vol. 17 Iss: 4, pp.365 – 371

Yaw A. Debrah, Ian G. Smith, (2000) "Globalization, employment and the workplace: responses for the millennium", Management Research News, Vol. 23 Iss: 2/3/4, pp.1 – 106

Ozy B. Orluwene JP. "Globalization, An Opportunity or a Threat: A Critical Commentary" International Journal of Research in Arts and Social Sciences 1.1 (2009): 69-86.

Professor Edmund Heery, John Salmon, 2002, The Insecure Workforce, Routledge

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