Nobody downloaded yet

1. What advantages or disadvantages will bring globalization to any small business To any large business To you as a citizen - Essay Example

Comments (0) Cite this document
Globalisation has long been a way of life as many countries around the world have and still are carrying out business activities with each other across great distances (Narula and Dunning 2000). It may have been slow a while back, taking even months to complete a given…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.3% of users find it useful
1. What advantages or disadvantages will bring globalization to any small business To any large business To you as a citizen
Read TextPreview

Extract of sample "1. What advantages or disadvantages will bring globalization to any small business To any large business To you as a citizen"

Download file to see previous pages Globalisation in the 21st century is believed to have the ability to transform the political, economic and social environment of all member countries in the coming years. Thus, the paper tries to bring out the activities, both advantageous and disadvantageous, that result in general globalisation i.e. globalisation to both small and large businesses as well as citizens.
This is the act of bringing together different people with different political, social and economic backgrounds and forming of one global community (Ghoshal and Bartlett, 2000). Behind the success of the process lies the economics of international trade, free market frameworks and investment. As earlier mentioned, globalisation encompasses integrating people from different settings, thus it bridges the gap between developing and developed nations as well as creates new cultural exchanges, business models, considerations and experiences within the participating nations (Ghoshal and Bartlett, 2000).
The globalisation process began during World War II when Britain and USA leaders helped to establish the International Monetary Fund (IMF) and the World Bank (WB) so as to encourage a capitalist world that is liberal and eliminate the Socialism and Marxism world (Nayyar 2000). Nayyar further affirms that the borrower of the loan from these organisations automatically qualified to follow the preset conditions i.e. reduce import barriers, eliminate financial backing for local-based industries, devalue their currency, put emphasis on export production as opposed to production for local consumption and reduce wages and expenditure on social wellbeing. These conditions resulted in a number of open economies developing a mechanism for integrating with other economies which led to the formation of the World Trade Organisation.
Small businesses, small and medium enterprises or simply SME’s as referred to in the European Union (EU) and by other ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“1. What advantages or disadvantages will bring globalization to any Essay”, n.d.)
1. What advantages or disadvantages will bring globalization to any Essay. Retrieved from
(1. What Advantages or Disadvantages Will Bring Globalization to Any Essay)
1. What Advantages or Disadvantages Will Bring Globalization to Any Essay.
“1. What Advantages or Disadvantages Will Bring Globalization to Any Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF 1. What advantages or disadvantages will bring globalization to any small business To any large business To you as a citizen

International Business

..., these companies are currently trying to offshore or outsource their business to Asian countries to exploit the cheap labour. M& A helps those companies to enter Asian market without much troubles. It should be noted that India and China like Asian countries are looking for every opportunity to attract foreign direct investments. American and European companies can exploit such opportunities. In short, M & A helps companies to exploit cheap labour markets and increase their competitive power in global market. Arguments against M & A This paper so far discussed about the advantages of M &A; however, there are some disadvantages also. Berry (2009) pointed out that mergers...
18 Pages(4500 words)Essay

Advantages and Disadvantages of Conducting Business Offshore

... Finance and Accounting Advantages and Disadvantages of Conducting Business Offshore Introduction Offshore company relates to theincorporation of a company overseas, and it is utilized in a way that investors are able to avoid tax laws imposed to business in their home countries. Moreover, the offshore are legal in any if they are set for the right purpose regarding the business in which they are involved. Therefore, the tax reasons for offshore business are the principal factors in deciding to start the business offshore, though there are other advantages and disadvantage. Making a decision of conducting business offshore entails the motives of establishing a business for a given purpose in a country having different corporate... and...
3 Pages(750 words)Essay

How Globalization and Large Corporations Affect Small Business

...Monetary Fund and the well known World Bank make it easy for any developing nation to get a loan. Nevertheless, a Western-focus is frequently applied to any non-Western state, culminating in failed progress (Eswar 44-46). In conclusion, globalization and large corporations has influenced positively to business industry that has helped not only the consumers but businesses as well, both large and small. Both parties need to focus on the positive results that globalization brings alongside with it and exploit to full potential the opportunities created. It is the...
7 Pages(1750 words)Research Paper

Advantages and Disadvantages of Globalization developing countries, which led the introduction of multinational companies (Asmussen, 2011). Advantages of globalization David, et al, (2005) identified that globalization developed international trade and companies. Due to increased interaction among nationalities, countries traded with one another with goods and services they have a comparative advantage (David, et al, 2005). In this perspective, a country sell commodities it have comparative advantage and import commodities it has comparative disadvantage. This led to the growth of home and foreign industries propelled by availability of vital inputs, which are cost effective,...
6 Pages(1500 words)Literature review

Assignment 1 Small Business Opportunities

...large companies in the area (John, 2013). The federal government should advocate for direct contracts to small business so that they can encourage it and boost it. Historical underutilized business zone (HUB Zone) increases the chances of landing a government contract (Michael, 2004). The program encourages small businesses which are designated in high unemployment, where low income earners are granted contracts by the federal government. One of the criteria that I need to meet for my small business to be under Underutilized Business Zone is that the business must be...
3 Pages(750 words)Assignment

Advantages and Disadvantages of Business Regulations

...Advantages and Disadvantages of Business Regulations Introduction A business may refer to an organization that is involved in trade of goods or services to consumers (Nijsen, 2009). Most businesses are privately run by individuals who are in quest of maximizing their resources or create wealth. However, in realizing their aims ought to comply with already devised regulations that govern respective enterprises either large or small scale for them to run smoothly. Most of these regulations range from health to security besides varying significantly among states though crystallized by the international ones. In...
2 Pages(500 words)Assignment

DB week 1 Small business

...Free enterprises promote economic growth in that the entrepreneurs invest in different sectors of the economy. The welfare of the people is likely toimprove since they can sustain themselves through the proceeds obtained from their business ventures. In other words, unemployment is reduced, an indicator that the economy is functioning well. This type of business also helps to bridge the gap created by large corporations which often overlook small segments of the consumers. The main advantage of a free-enterprise economy is that it promotes consumer spending since the consumers have a wide range of choices to make from the available goods and services...
1 Pages(250 words)Essay

Advantages and Disadvantages of Globalization for Business

...Evaluate the Advantages and Disadvantages of Globalization for BusinessGlobalization is a principal concept that plays a significant role in business processes over the past decades. Globalization affects companies, environment, world economies and societies in various ways. Those largely affected by globalization are almost all business corporations. Organizational changes are likely as a result of dynamic technological advancements, rapid competition and information exchange. To respond to these dynamic changes companies are required to recognize the various elements...
9 Pages(2250 words)Essay

Advantages and Disadvantages of Globalisation on Business

...Advantages and Disadvantages of Globalisation on Business Introduction Research indicate that globalisation has influenced businesses to a large extent through the manner in which they conduct their operations and business. This has been attributed to the advancement of technology, transport, education, communication and regulations of trade that make business fair to all parties. Fair terms of trade are also attracting more investors all over the world towards investment destinations. For this reason, many multi-corporation are establishing outlets, production sites and connecting to suppliers and customers in...
7 Pages(1750 words)Essay

Globalization - Advantages and Disadvantages

...of these regions. Thus, there is enough room for skeptics to argue about the loopholes present in the globalization move. The instance of trade blocs is only an evidence of how globalization could unjustifiably unite the political powers of some nations so as to harm the interests of the others, putting the realized advantages of globalization under question (Michael, n.d., p.8-9). Sometimes, skeptics often question about the benefits of globalization from various economic aspects as well. Hirschman introduced The Infant Industry Argument which favored government protection for newly developed industries against any kind of...
9 Pages(2250 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic 1. What advantages or disadvantages will bring globalization to any small business To any large business To you as a citizen for FREE!

Contact Us