Globalization Essay Example | Topics and Well Written Essays - 500 words - 25

globalisation - Essay Examplestations globalization includes outgrowth in the rate of international trade, multi-national companies, high dependency on the global economy, free movement of goods, services, and capital. Globalization also refers to the ease of movement across national borders, technology, investment, labor, and finance. The speedy rise of globalization has been due to the efforts by international bodies like the IMF and WTO that have reduced trade barriers (Michie, 2011).Globalization manifests itself done technological advancement. In fact, it is through technology that the world can communicate and connect without boundaries. Information technology is the basis for the modern frugal growth that also translates to increased globalization (Michie, 2011). Globalization, therefore, manifests itself in the manner in which investors, consumers, and businesses sue modest tools to key and pursue their economic opportunities. Other musings of globalization include the extent in which companies analyze economic trends worldwide, soft assets transfer and strategic collaborations (Herzog, 2014). Nonetheless, the existence of transnational corporations shows how the world has become a single and unique market. On the other hand, the better supply chains is an indication that globalization is transforming the world. For instance, China manufactures goods which in turn detect exported to Fiji for finishing and the products find their way to Sydney for sale. The above is an example of global supply chain that is a manifestation of globalization.The primary advantage of globalization is that it has improved the way people receive and send information (Herzog, 2014). conference has improved tremendously save to globalization that puts no boundaries for people to interact. Another advantage is that globalization has improved the worlds economy. The removal of trade barriers and ease of access to foreign markets is mainly because of globalization (Herzog , 2014). callable to