Topics: Dunkin' Donuts, Doughnut, Krispy Kreme Pages: 7 (1620 words) Published: March 11, 2015




It is the process of international integration arising from the interchange of world views, product, ideas and other aspects of culture. In simpler words, it can be defined as- The worldwide movement towards economic, financial, trade, and communications integration. Globalization implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers. However, it does not include unhindered movement of labor and, as suggested by some economists, may hurt smaller or fragile economies if applied indiscriminately. IMPACT OF GLOBALIZATION ON WORLD ECONOMY: POSITIVE IMPACT OF GLOBALIZATION ON WORLD ECONOMY:

1. More efficient markets
The sign of an efficient market is where there is an equilibrium between what buyers are willing to pay for a good or service and what sellers are willing to sell for a good or service. If you can improve the way you produce a good or service by doing things such as outsourcing certain processes or buying from an overseas supplier that offers discounts, you can then afford to lower your selling price which results in increased demand and affordability. 2. Increased competition

Anytime that you have multiple producers competing for a hold of the economy, that’s a good sign for consumers, as the quality of goods and services often goes up as a result. When businesses started to venture across international borders, what they often did was introduce a new standard into the global marketplace. Consumers then had more options to choose from. 3. Stabilized security

When your economy depends largely on another country’s economy, it is hard to imagine either one of the countries attacking the other. In a weird sort of way, globalization helped heighten world security. 4. More wealth equality throughout the world

Although many Americans contend that their standard of living has gone down because of globalization, the flip side to this is that hundreds of thousands of people around the world now have jobs, have started their own businesses and can provide comfort for their families.

1. In order to cut down costs, many firms in developed nations have outsourced their manufacturing and white-collar jobs to Third-World countries like India and China, where the cost of labor is low. This has caused a lot of resentment among the people of developed countries, and companies have been accused of taking their jobs away. 2. Globalization may have inadvertently helped terrorists and criminals. At the heart of globalization is an idea that humans, materials, food etc. be allowed to travel freely across borders, but 9/11 was a ghastly reminder that people with evil intentions can use it as an opportunity and cause damage. 3. Environmental degradation is an issue which has been debated ferociously in various international meetings, and it has to be accepted that globalization is one of the most important factors that has aggravated the situation. The amount of raw materials needed to run industries and factories is taking a toll on the natural reserves of planet earth, and pollution has severely impacted the quality of air that we need so very much for our survival....

Bibliography: Works Cited
(n.d.). Retrieved from wikipedia: en.wikipedia.org/wiki/globalization
(n.d.). Retrieved 09 21, 14, from WWW.HOOVERS.COM: http://www.hoovers.com/company-information/cs/revenue-financial.Dunkin_Brands_Group_Inc.f325af8895289af8.html
dunkin donuts. (n.d.). Retrieved from www.dunkindonuts.com/dunkindonuts/en/company.html
WWW.DUNKINDONUTS.COM. (n.d.). Retrieved from http://www.dunkindonuts.com/content/dunkindonuts/en/company/global.html
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