A particular commodity may fetch hundreds of options with different prices. No longer does one find the limited number of commodities available. The onset of international trade has given rise to intense competition in the markets. Developing countries or labor-intensive countries have benefited the most. Thus, integrating with different cultures, meeting and learning from various people through the medium of education is all due to globalization. With numerous educational institutions around the globe, one can move out from the home country for better opportunities elsewhere. EducationĪ very critical advantage that has aided the population is the spread of education. Also, the migration of people, which has become easier has led to better jobs opportunities. This obviously caters to employment and income generation to the people in the host country. Companies are moving towards the developing countries to acquire labor force. Advantages of GlobalizationĬonsidered as one of the most crucial advantages, globalization has led to the generation of numerous employment opportunities. For a better picture, let us take a look at some of the advantages and disadvantages of globalization. It has however affected the consumers and businesses differently. Some opine that it has made life extremely easier and comfortable. While some are of the opinion that it has a lot of ill-effects upon the society, there exist others who feel exactly the opposite. Globalization has been quite a debatable subject. All types of goods ranging from Coca-Cola, Sprite, Louis Philippe shirts, Marie Claire bags, Police sunglasses, to Adidas and Nike shoes are all available in every market globally, all credit to globalization. Globalization integrates trade, technology, investments, and the mobile factors of production like labor and capital. You have to Learn, the Advantages and Disadvantages of Glocalization in International Business, but learn first, What is Glocalization? Both distance and isolation have been terrifically reduced. A journey towards new collaborations and unity, it has changed the world into a global village. Globalization pulls the countries out, from their detachment into the competitive world.
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