Wednesday, February 10, 2010

Globalization?

What is globalization? Globalization is the development of international opportunities and influence. The positive effects of globalization are numerous. A positive effect would be that globalization offers a broader market choice; for instance, if one globalizes his/her business, he/she can find products he/she wouldn’t be able to find in his/her country thus increasing his/her sales. An other positive effect would be that globalization can help one with his/her financial necessities because the international clients or partners someone has can assist them. Finally, a positive effect globalization has on a business or individual is culture. When people work with international clients or partners, they tend to push themselves to learn about their (clients or partners) cultures and inform and fascinate their cultural sides. A negative effect of globalization on a business, individual, or nations is that it increases the world’s immigration rate. Another negative effect is that in some cases immigration goes over board thus turning the minorities into majorities. Globalization increases wealth, power, and stability because of the international exchanges and commerce thus establishing new world leaders and rivals.

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