The Pros of Globalization

The Pros of Globalization Globalization is the growth of companies and businesses to a global or worldwide scale. This act of globalization can be dated as far back as Canada’s independence, as far back as the United States’ independence and probably even further back than that. If globalization has been going on for this many years then why do some people still feel obligated to purchase goods and services that have been manufactured in their native country? Is it because of preference or style? Well it could be, but more often than not, it is because the consumer feels the need to stay loyal to their country and only purchase goods that were manufactured within their own borders. It is easy to understand why someone might feel this way because they want to support the local businesses. However, the truth is, no matter how hard we might try, it is nearly impossible to escape the boundaries of globalization! So why don’t people just start to embrace it? Globalization is, and has, changed the way business is being done in a good way. Globalization creates competition within different markets throughout the world, and with more competition between companies and businesses comes more innovation. Not only does globalization inspire technology to advance but it is a much more convenient and efficient way of doing business and it is responsible for promoting peace between nations. Without competition within industries, there would be no need for companies and businesses to innovate and create new products and technology to the extent that they do in present day. Thankfully for globalization, innovation is something that has a strong presence in modern day. When companies decide to expand their products and services into different markets around the world, they pose a threat to other companies native to those countries. When the other companies see this happening they have no choice but to do the exact same and expand. This makes the companies compete against one