Globalization today is one of the most active topics. In generally there are different types of globalization: political, economical, technological and education. We are living in the times where the whole process of globalization is taking place and we can see the results of it on our own eyes. The process of globalization makes the process of doing business far away from the mother company much more easier and brings a huge demand and increases in the fields of transportation, communication and IT. Globalization works as a very good boost for countries who establish international trade but also crates a problem of outsourcing third world countries by multinational companies in order to reduce costs.
Today a single nation market can be just too small for some large corporations, thanks to the globalization they can go abroad and create facilitates all around the world. Not only that, because of the race to reduce costs outsourcing have become a very popular way of reducing costs simply by shifting the factories into poor countries where the labor force is much cheaper.
So let's say that we have a giant corporation. Because of the of globalization they can create a factory in for example India, China or any other third world country because it's simply cheaper. Labor force is also much cheaper in third world than in the United States or Europe so the company can save a lot of money, later one they just put in on a ship or plane shift it back and sell it for some really good money here. It's a very real example of a multinational corporation this days.
In order to understand how globalization works we should be aware that even if the term globalization was recognized in the year 1981 but before that there were many different examples of attempts to create a global trade between nations. They result maybe was not so astonishing... [continues]
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(2008, 01). Critically Evaluate the Concept That Globalisation Will Continue on Its Development/Expansion Path and Will Not Be Reversed.. StudyMode.com. Retrieved 01, 2008, from http://www.studymode.com/essays/Critically-Evaluate-Concept-Globalisation-Continue-Its-130195.html
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