Globalization Position on Globalization Is a Trend Essay

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Globalization

Position on Globalization

Globalization is a trend towards a more integrated global economic system that is driven by the reduction of trade and investment barriers by technology and other factors. Is important to note that globalization is not exactly a new phenomenon. As soon as the transportation technology developed to a sufficient level to move around various goods then international trade quickly emerged. The first ships that traded spices and various goods could be considered forms of emerging globalization. However, today's level of globalization is on an entirely different scale than previous trade arrangements. Much of the globalization trend is driven by the fact that many organizations operate internationally and supply chains have become sophisticated, complex, and spans the entire globe.

When multi-national companies are able to access to foreign resources and labor then they can often achieve much higher profit margins.

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Furthermore, in many cases it can also help to develop the local economy by providing jobs to individuals who were not likely to find one without the injection of foreign investment. However, in many cases the results of the foreign investments often do not improve the quality of life for the local residents. Much of this must be determined on a case by case basis of whether the MNC is actually improving the welfare of their foreign employees. Apple faces unique challenges with one of the primary vendors known as Foxconn in China in which the working conditions are so difficult that the company has actually installed a suicide prevention netting around their buildings to keep employees from jumping to their deaths.

In regards to the economic impacts that….....

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