Negative Effect Of Globalization Essay

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In order to globalize a business, a company need to bring change in a business strategy made for a single country to the special one having ability to operate in multiple countries.On one hand, where globalization has made easy access of technologies to the people, it has also decreased the opportunity of success by increasing competition.Introduction Globalization is making the availability of businesses or technologies all across the world through the speed of markets.Unprecedented advancements in transport and communication technologies have added to the growth of globalization.Primarily, globalization is a commercial activity which also integrates different cultures and societies through trade and commerce.Impact of Globalization Globalization impacts a business and a company in various ways.Globalization impact on businesses in the worldwide market can be described under two broad categories of market globalization and production globalization.Globalization is a process of integrating trade and commerce throughout the globe.Governments, private companies and even people merge their differences and intermingle, interact, devise new trade policies, bringing different cultures and countries closer to each other.Globalization also influence the traditional food of a country, where the local economy is also affected.The widespread of international restaurants impacted the taste of choice of the locals.

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