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Communication across the globe is the main reason behind the expansion of market and commerce. Moreover, the advancements in the field of transportation have also modified the standards of globalized trade and commerce.
The idea behind globalization of commerce is to maximize the opportunities for production and sales. Over the last few decades a lot of companies based in the developed countries have transferred their production units to under developed or less developed countries (Dunning 67-68). The reason behind expanding businesses across borders is to undermine the opportunities like new consumer base, access to raw materials, and cheaper labor.
When foreign investors bring their capital to the under developed countries, it automatically improves the revenue generation of a country. Moreover it offers jobs that help in improving employment statistics of a country.
Overall, the idea of globalization is a progressive one; however, there are some flaws that include exploitation of cheap labor, export of quality produce to foreign countries, inequality, and injustice. Over the years several laws have been made for improving the living standards of the labor, the fight for labor rights has yielded in strict government policies and wage threshold. However, these laws are only applicable in the developed countries, while people living in the under developed regions do not have these securities. Therefore foreign investors look for countries that do not follow these laws, and hence they extract maximum by spending minimum. Further, globalized commerce offers tough competition for the organizations as well as the country, though competition leads to improvement in quality and quantity, but it also eliminate the weaker competitors, which is obviously not good, if one considers the current unemployment statistics.
To conclude one can say that globalization maximizes the scale of opportunities, but if it is not implemented properly there are several
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Culture is now treated as a single entity especially by the powerful nations and English language is slowly replacing other languages and it is expected that languages can be cut by half by 2100 (Haviland et al, 2009). I think this subject of cultural globalisation is very important in the subject of anthropology since it affects the culture as well as language of people in other countries in different ways.
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The relevance of E-commerce as an emerging competitive strategy is evident in the discussion. A clear definition of various types of transactions that surround online application is broadly addressed with focus on its significance
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