The size of a company is not important for global trade nowadays - Essay Example

Download file to see previous pages... But currently lot of other substitute electronic products with superior quality and cheaper price, from different parts of the world are available in almost every local market in the world because of globalization and free trade policies adopted by many countries. For example, Chinese products are causing immense damages to the reputed brands because of the cheaper prices.
Global trade have big impacts on employment, community and the economy of a country. It is difficult for a country to stay away from global market at present because of the inter-linkage of global economies because of globalization. Any problems occurred at some part of the world can cause problems in other parts as well. For example the American financial crisis has resulted in many people losing their jobs including those from overseas countries. The persons returns from America will be a burden for other countries and those countries need to spend heavy amounts for the rehabilitation of such people.
Global trade can impact other communication media also. Internet media (blogs, message boards, podcasts, and video sharing), radio networks, mass-circulation newspapers and magazines all are part of global trade. Globalization boosted the global trade and communication with the help of integration of regional economies, societies, and cultures. For example, reality shows were earlier popular in America and UK like countries. But the increased awareness about the western culture because of global trade activities resulted in exchange of cultural values and reality shows like television programs are nowadays popular in India, Pakistan and Middle Eastern countries.
“The greater financial interdependence of national economies can also increase insecurity among rural populations” (Winkels). Rural population mostly concentrate on agriculture for finding their livelihood. The prices of their crops are ...Download file to see next pagesRead More