Pros and Cons of Globalization Essay Example | Topics and Well Written Essays - 500 words

Pros and Cons of globalization - Essay ExampleGlobalization has significantly modify the business environment such that the level of interconnectedness or interdependence between different markets has sharply risen. They also believe that the effect globalization has asleep(p) beyond the business aspect, since the dramatic increase in international trade and finance has helped establish more profound cultural exchanges that in turn increase the impact of global issues at the local scale (Waters 2001).Historically, globalization resulted in the faster rate of increase in international trade and flow of working capital including foreign direct investment in a country. Furthermore, there is the notable increase in the market share attributed to corporations that have established global heraldic bearing (Computer Desktop Encyclopedia 2005). As globalization progressed, experts also observed that living conditions, as gauged by broader indicators of well-being, have been enhanced in mo st countries (Globalization Threat or Opportunity 2000).