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Globalization summary

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Globalization Globalization? What is it? It is the process by which businesses or other organizations start operating on a global scale, where this process is a combination of economic, technological, sociocultural and political forces. It had been used since the 19th century, where it viewed as a centuries long process, tracking the expansion of human population and the growth of civilization, that has expanded in the past 50 years. Portugal's exploration and trade with most of the coast of Africa, Eastern South America, and Southern and Eastern Asia, was the first major trade based form of globalization. A wave of global trade, colonization, and civilization reached every corners of the world. ...read more.


Societies like Nepal people only think how companies can fulfill their basic needs, money for better living. While the companies create potential opportunities, poor people cannot take advantage of these unless they have education and access to assets such as land and credit. In terms of such condition, How can globalization help poor people in developing countries to provide their basic needs, like rice, fish and other dairy food when they can't have any advantage of it. Economic activity... Economic in globalization refers to the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, flow of international capital and wide and rapid spread of technologies. ...read more.


developed on the basis of increasing cross-border division of labour that has been puncture down to the level of production chains within enterprises of different countries. Mostly located in Africa, Eastern South America, and Southern and Eastern Asia. Quick note: on the reason that the companies decide to go global. I. To use its resources at optimum level. II. To promote and make awareness of Company in global market. III. To gain duty free import of raw material. IV. To gain more & more confidence of Local Government and domestic customers. V. To earn more profit as global market is a very huge market. Picture of Shanghai Starbucks, when the company was recently forced to change its name and picture. ?? ?? ?? ?? ...read more.

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