Globalization and the Business World

Who could go for imagined that a person in Lebanon would be decent to watch a soccer game played in Europe, live, with perfect image and sound? Our introduction, as we k instanter it today, has range like a small village where physical, cultural, and economical barriers have become more or less inexistent. This is repayable to a phenomenon called globalization. Globalization is defined as ?the result of advances in communication, transportation, and learning technologies. It describes the growing economic, political, technological, and cultural linkages that connect individuals, communities, pedigreees, and governments around the world? (MSN Encarta). This phenomenon is not a new unity; however, since its existence Globalization has had define on many major aspects of our life, especially the business world. This tinge that globalization has on our business world is displayed by the maturation of world consider, ease of new communication methods, and fit last sta ndards on goods and services all around the world. To beat with, one must mention the fact that Globalization has lead to an frank annex of world trade. The world has seen a frightening emergence in the global transactions and foreign trade in recent years. ?Growth in exports worldwide outpaced result in output every year between 1965 and 2000 by an fair(a) ratio of 1.5 to 1? (Temple, 2001).

The main reason behind this is that at once more and more countries are belongting engaged in trading with each other in order to cast up their profit or sales or protecting them from beingness eroded by competition. Th e main objectives which are influencing the ! companies to engage in international business are expansion of sales, acquiring resources, minimizing warring risk and diversification of sources of sales and supplies (Johnson & Turner, 2003).. According to Byers ?In more recent years, those countries which have been able to reduce... Good content. informative, nearly written. many paragraphs are too long, they could be split up at convenient points or when subject shifts. If you want to get a full essay, order it on our website: OrderCustomPaper.com

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