“What is Globalization?” and why is it good for business? We hear the term all the time from reading it in newspapers, listening to it on the radio or television, or over hearing people discussing its impact on society. As often as we hear it, it seems that there are many different meanings for the term globalization.
So, we ask what is globalization? Globalization is the process by which varied societies, cultures, and regional economies become united to perform in either an economically, socially, culturally, or political manner and they will use transportation, communication, multiple forms of technology to be able to network. Globalization has had an affect on many countries in several positive ways; politically, economically, and socially. Globalization is a growth that has been at a worldwide measure and it is vitally important because it impacts so many things in cultures, environments, politics, and economies.
Globalization is good for multiple avenues of business, as it has generated extensively the international economy, integration of multiple markets and the trade or movement across the world, all of these make help global improvements. There has been several important things that globalization has done for the economy for a number or years. Enhancement in the world of technology has had an important influence in reducing the expenses of communicating globally, transportation, and multiple commodities. It has also aided in reducing the cost of information storage and data processing. There are many indications on the positive impact globalization has had on modern technology such as, the internet, email, and it has offered a better standard of living for multiple countries and is simply the only method for poorer countries to lift themselves out of poverty.
Globalization benefits underprivileged countries because it offers them diverse means, in order to create skills and various