What are the major impacts (positive and negative) of globalization in relation to global business, cultures,...

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General Management

What are the major impacts (positive and negative) ofglobalization in relation to global business, cultures, ethics andsocieties?

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Answer Globalization has brought advantages in developed countries additionally as negative effects The positive effects embrace a variety of things that are education trade technology competition investments and capital flows employment culture and organization structure POSITIVE EFFECTS It would be rather troublesome to debate the extent of the positives that the economic process has had on the planet at massive But still here are a number of the positive effects of economic process and therefore the positive impacts they need had on such a lot of demographic segments of society Global market Most triplecrown rising markets in developed countries are a result of the privatization of stateowned industries So as for these industries to extend shopper demand several of them try to expand and extend their worth chain to a global level The impact of the economic process on business management is seen by the increase in the variety of transactions across the borders In protective yields and maintaining aggressiveness businesses are continued to develop a large variety of their footprint because it lowers the price and enjoys economies of scale Shah A 2009 Multinational companies are results of the economic process They occupy a central role among the method of the economic process as proven through international foreign direct investment inflows Their concentrations among Europe in western economies has LED to size constraints so theres a desire for brand new geographical See Answer

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