Globalization Refers to the System Thesis

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Finally, examples of competitive drivers are that the global inter-firm competition increases and organizations are forced to "play" international, strong interdependences among countries, and high two-way trades (M. Bauernfeind, 2005).

Some of the effects of globalization on our community are that it ignites the people's desire to increase their standard of living, it makes people want and enjoy products and ideas from other countries, it widens people's understanding on new technology and practices, and it encourages them to participate in a global culture. All of these could be directly attributed on the development in communication that has brought the people of the world closer.

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The economies of the world are increasingly being integrated. The world is becoming a smaller place. Products which used to be available only on certain places in the globe are now available in the local market. Jobs outside the country are now widely offered for the people here. And the Internet makes information sharing between two parties easy and extremely fast even when they are thousands of miles apart.

Reference

Bauernfeind, M. Drivers of Globalization: Integration of Theories and Models.….....

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