The term globalization in relation to business and economics liter ally stands for increasing introduction integration through bargain, financial flow and knowledge. No yearner are business corporations making decisions based on topical anaesthetic figures, but take into account everything on a being scale itself. Through production, trade, and financial transactions amid legion(predicate) countries in the piece, the entire planet has leveled itself into what seems to be one war-ridden playing field between industrial and emerging food market countries, which is what Friedman based on in his book, The World is Flat. Although, Friedman blamed the flattening of the world on technology. In a world where everyone can slowly communicate with anyone in the world, Friedman worries closely the idea of technology and markets overlap to the point where outsourcing and offshoring is so common that all work through with(p) in a business would be in (what looks care) china and India. He stresses that several technological and political forces have converged, and that has produced a global, Web-enabled playing field that allows for multiple forms of collaboration without regard to geographics or distance. The future of globalization can bring about scary thoughts.
Ten years ago, could you imagine a good support operator helping you with your broken computer all the way across the world in India? Free trade may be ruining the worlds economy, I personally dont like the idea that some rich industrialized countries invest in poorer countries, outsourcing jobs to foreign lands for an absolutely atrocious wage. Yes, some of those countries actually expiry up with a stronger economy, but its at the expense of thousands of workers operative in sweat shops for over twelve hours a solar day earning a wage they wouldnt be allowed to earn back at home. Overall, globalization brings higher inequality in the world. Since 1960 to 1995, the gap between the poorest countries and the...If you want to get a full essay, order it on our website: Orderessay
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