Benefits and dangers of globalization
The world becoming closer each decade due to advances in science, and technology in particular, the stunning progress in facilitating life for new inventions in various areas, and also new discoveries in various fields. The authors of International business book Shenkar, O. & Luo was talking about the age of globalization, they were saying that "Globalization has become one of the buzzwords of modern times. People see its manifestations all around them, from the Coke can in a small village store in Africa to McDonald's golden arches in a Chinese city"(Shenkar, O. & Luo, Y. (2007) International business. 2nd ed. Thousand Oaks, CA: Sage Publications.) despite the vast distances between region and many differences between languages and religion races, the world has become a small village. Today, globalization is something we see and feel it around our life it became a fact , but first of all im going to talk about the meaning of globalization is" globalization means more choices, generally lower prices" (Shenkar, O. & Luo, Y. (2007) International business. 2nd ed. Thousand Oaks, CA: Sage Publications. ) In my opinion The concept of globalization is used to describe all the processes that helps and gain social relations and remove all the distances obstacles If you think about globalization the same topic can be considered as a advantage or disadvantage if you want manufactured a car for example "The Ford Motor Company also seems to have been an international new venture" [Oviatt, B.M. & McDougall, P.P. (1994) ‘Toward a theory of international new ventures’, Journal of International Business Studies, 25 (1), pp. 45–64.] Its an American company in Dearborn, Michigan, by Henry Ford In addition Ford also owns a small stake in Mazda in Japan, Ford sold the former UK of the Jaguar and Land Rover to Tata Motors as we see from this example how can globalization affect automotive industry shenkar O. & Luo opinion that...
References: Shenkar, O. & Luo, Y. (2007) International business. 2nd ed. Thousand Oaks, CA: Sage Publications.
[Oviatt, B.M. & McDougall, P.P. (1994) ‘toward a theory of international new ventures’, Journal of International Business Studies, 25 (1), pp. 45–64.]
Please join StudyMode to read the full document