Abstract Globalization has been impacting and changing countries’ economies, cultures, and politics. In this research, we just focus on the impacts of globalization on the economies of countries over the world. In term of economy, there are not borders between countries. Laborers and goods are exchanged between countries, which leads to not only the competitions between corporations of countries, but also the competitions between laborers. Countries around the world gain a lot of opportunities as well as challenges when applying globalization strategy.
Global Impact Analysis There are a lot of ways to define the terminology globalization. According to the book named International Management edition 8th (The McGraw-Hill Companies, Inc, 2012- p. 6), globalization can be defined as the process of social, political, economic, cultural, and technological integration among countries around the world. Globalization is also defined as the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture. The appearance of globalization creates many chances and challenges for many countries around the world. To clarify the importance of globalization as well as its impacts on the economies of countries around the world, we need to response and analyze the following questions:
1. How has globalization changed competition in businesses?
2. How has globalization changed the work environment within companies?
3. How has globalization changed career opportunities for the current generation?
4. How can you take advantage of globalization in your career plans?
To answer completely those questions and to analyze profoundly the results of globalization can help us clarify the impact of globalization on the countries’ economies and their laborers.
How has globalization changed competition in businesses?
A business with
References: (n.d.). Retrieved from http://en.wikipedia.org/wiki/Globalization (n.d.). Retrieved from http://www.prnewswire.com/news-releases/eighty-nine-percent-of-consumers-prefer-online-shopping-to-store-shopping-according-to-part-ii-of-survey-by-online-retailer-safe-home-products-58656737.html (n.d.). Retrieved from http://smallbusiness.chron.com/effects-globalization-workplace-10738.html