Advantages and Disadvantages of Globalisation on Business Essay - 1

Advantages and Disadvantages of Globalisation on Business - Essay Example The paper tells that globalization can be defined as a process where regional economies, culture, and societies have been integrated by trade and a worldwide-spanning network of communication. Globalisation exists in different dimensions. These dimensions include rapid technological advancement, foreign investment, capital flow, migration as well as international trade. Globalisation in simple context is considered as efforts to making the global society as a single village. This process is characterized by the production of goods in one region of the world and later distributed to the rest of the world. For instance, vehicles are manufactured in countries like Germany, United States, and Japan among others but are used in the rest of the world including Africa. Globalisation has integrated world economies for instance internet connections, and mobile phone has made people closer. This makes the world be a smaller village. Work can be distributed to any part of the world as far as th e internet connection is existing. In the business, context globalization serves to remove variation that exists and is geared to achieve universal platform. Globalisation influence issues and concerns in a business environment. Issues and concerns are the ones that are considered to affect business either positively or adversely. Economic globalization further integrates national economies to form an international economy through aforementioned dimensions of globalization. Jens-Uwe and Meera point outs that technological advancement and policy have played a crucial role in enabling global investment, immigration, and international trade. For instance, the current globalization in the United Kingdom is traced to be cooperative policies such as trading blocs. Globalisation is a tool that helps in eradication of state-enforced legislation on services and goods across the borders.